Fort-Collins, Colorado-based Solix Biofuels, Inc. has completed its Series A funding with the participation of international investment group, Shanghai Alliance Investment Ltd. Solix will use the total $16.8 million US raised to complete construction and begin operations at its Coyote Gulch microalgae-based fuels demonstration facility, which is expected to be in full-scale commercial operation by late summer 2009. Previous details were reported in our November 13, 2008 edition. (Source: Market Watch, June 30, 2009)

Contact: Doug Henston, CEO, Solix Biofuels, (970) 692-5600,,