Southern Ute Tribe invests in biofuels company
Wednesday, November 12, 2008
Filed Under:
Business
|
Environment
The
Southern Ute Tribe of Colorado is a first-round investor in a alternative energy company in Colorado.
The tribe is leasing land on the reservation to
Solix Biofuels for a pilot plant. The facility will convert algae into oil for use in airplanes and diesel trucks.
Solix Biofuels raised a total of $10.5 million in its first round.
Get the Story:
Startup secures funds for biofuels plant near Durango
(The Denver Post 11/12)
Solix Biofuels raises $10.5M (The Denver Business Journal 11/11)
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