Solix, based in Fort Collins, Colorado, 57 miles (92 kilometers) north of Denver, said that venture capitalist group Shanghai Alliance Investment was among the buyers of its Series A preferred stock.
The biofuel plant will be located on a ten-acre site on the Southern Ute Indian Reservation in Southwest Colorado. It will be built in two phases, with the first phase consisting of four acres of photo-bioreactors for growing algae, and one acre for a lab facility.
Solix
