Thursday, August 12, 2010

Too green too soon?

PetroAlgae, a company claiming that it has found a cheap way to convert algae into fuel -- a goal chased by formidable competitors like Sapphire Energy and Solazyme -- just filed for a $200 million I.P.O. despite a weak public market for green companies. Early signs suggest that this move could do more damage to the burgeoning algae industry than good, VentureBeat reported.

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