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Kleiner Perkins Launches Prize for Green Innovation, Greentech Innovation Network

Kleiner Perkins Caufield & Byers (KPCB), one of the leading venture capital firms in the U.S., recently committed to invest $150 million in green technologies. This week the company announced a $50 million in ethanols company Altra Inc, and annnounced the new KPCB Prize for Green Innovation as part of KPCB’s “Greentech initiative.” “Altra is a national leader in ethanol production,” said John Doerr, KPCB partner. “Its unique, proprietary technology and strong, passionate team make it a sustainable, high-impact business. Altra is creating a nationwide ethanol production footprint by acquiring and ‘speeding up’ existing, traditional corn-to-ethanol plants and by ‘starting up’ new ones.” Based in Los Angeles, California, Altra has signed a definitive agreement to acquire California’s largest operating ethanol plant. Altra has invested in five biofuels plants, which will have the capacity to produce 175 million gallons of ethanol and 80 million gallons of biodiesel each year. The total financing of over US$50 million included funding from KPCB, The Angeleno Group, Khosla Ventures, Omninet Private Equity and Sage Capital Partners. KPCB also announced the KPCB Prize for Green Innovation, a US$100,000 annual prize awarded for the best technology or policy innovation in Greentech. A panel of five independent judges […]

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Martek Signs Worldwide Exclusive Agreement

Martek Biosciences Corporation (Nasdaq: MATK) announced it has entered into a long-term supply agreement with Mead Johnson Nutritionals, a leading worldwide infant formula producer and the largest infant formula manufacturer in the United States. Martek will serve as the exclusive worldwide DHA and ARA supplier for all Mead Johnson infant formula products. The agreement provides for a ten-year term with certain rights for either party to terminate the arrangement after December 31, 2011. Martek has been supplying DHA and ARA to Mead Johnson for use in infant formula under a 25-year license agreement signed in 1992, which has been incorporated into the new agreement and remains in effect. Mead Johnson has had tremendous success with DHA and ARA formulas worldwide and now accounts for more than 50 percent of Martek’s DHA and ARA sales to the infant formula market. Martek manufactures nutritional oils that contain the long-chain polyunsaturated fatty acids DHA and ARA, both of which are naturally present in breast milk. Clinical studies have demonstrated benefits for infants receiving DHA and ARA supplemented formula. Martek’s proprietary blend of DHA and ARA is the only source of these nutrients currently used in U.S. infant formula and infant formula containing Martek’s […]

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Problems Abound For Wild Oats

URL: http://www.forbes.com/2006/05/16/wild-oats-wholefoods-0516markets15.html?partner=yahootix Website: http://www.forbes.com/2006/05/16/wild-oats-wholefoods-0516markets15.html?partner=yahootix     

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'Clean EDGE' Act Puts Energy Efficiency At Forefront of U.S. Energy Policy

The Alliance to Save Energy praised the energy-efficiency provisions of a new bill introduced today by a group of Democratic senators for properly making energy efficiency a cornerstone of U.S. energy policy. “The Clean Energy Development for a Growing Economy (EDGE) Act is an important step forward for U.S. energy policy as it recognizes that our country should redirect investment into energy efficiency technologies and initiatives as the cheapest, quickest and cleanest means of extending our nation’s energy supplies and building a sustainable energy future,” said Alliance President Kateri Callahan. “We are hopeful that the Congress will work in a bi-partisan fashion to focus new initiatives, tax incentives and programs on energy efficiency which is truly America’s greatest national resource.”

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Exxon, GM, Ford-Funded Group to Run TV Ads Questioning Climate Change

Competitive Enterprise Institute (CEI), a public policy group funded by oil company Exxon Mobil Corp. and carmakers General Motors Corp. and Ford Motor Co., unveiled a U.S. advertising campaign today that questions the science behind global warming concerns. CEI is a nonprofit group in Washington that advocates free enterprise and limited government regulation. The television advertisements air in Washington, Denver, Anchorage, Alaska, Albuquerque, New Mexico, and 10 other cities starting May 18. The campaign is timed to coincide with the release of a documentary about the threat of climate change that features former Vice President Al Gore. The ads point out the benefits of fossil fuels as well as what CEI claims are unbalanced media reports about the scientific evidence of global warming. “We don’t agree with the claims that the science is settled establishing catastrophic man-made influence upon the climate,” said Chris Horner, a lawyer at CEI. Gore’s movie, to be released by Viacom Inc.’s Paramount Pictures in New York and Los Angeles next week and in other cities on June 2, comes on the heels of a raft of recent media attention about climate change, including cover stories in Time magazine, fashion publication Elle and computer magazine Wired. […]

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