Developing industrial technologies to enable economically viable commercial-scale site-agnostic production of fungible fossil-grade transportation biofuels derived from microalgae.
Algal biomass is a fast-growing, renewable, non-food biofuel feedstock, representing the most promising pathway to meet the advanced biofuel production targets set by the Energy Independence and Security Act of 2007.
Our mission is to develop and demonstrate the science and technology necessary to economically and consistently produce high productivities of biofuel-profile algal lipids for conversion into fossil-equivalent transportation fuels.
|07/11/11||Stock Purchase Agreement entered to sell 100% of Kai BioEnergy Corp.’s outstanding capital stock to 11GS, Inc.; terms include $3.3MM Earn-Out and $13.2MM Buy-Out option|
|08/25/10||BioEnergy Hawaii, LLC and Kai BioEnergy Corp. enter into a Letter of Intent to partner in waste-to-energy project; up to $100MM in special purpose revenue bonds authorized to finance electricity cogeneration or production of biofuels; already undergoing EIR|
|01/13/10||DOE awards $78 million for National Alliance for Advanced Biofuels and Bioproducts (NAABB), and National Advanced Biofuels Consortium; Kai BioEnergy Corp. selected as NAABB consortium Industrial Partner|
|07/28/09||Kai BioEnergy Corp. receives notice of encouragement from the DOE for research and development of its proprietary and pre-grant patent pending transformational technology for the $150MM Advanced Research Projects Agency-Energy (ARPA-E) solicitation; Kai BioEnergy Corp. selected by DOE from among over 3,500 concept papers submitted|
|04/12/09||Congresswoman Mazie K. Hirono supports Kai BioEnergy Corp with $5MM appropriations request for the 2010 fiscal year for microalgae to biofuel pilot facility deployment at the Natural Energy Laboratory of Hawaii Authority (NELHA) in Kailua-Kona, Hawaii|