In California, Yokayo Biofuels is teetering on the edge after its co-funding source for a state grant fell through, putting on hold its enzyme upgrade project that would have boosted yields 75% and diversified its products beyond biodiesel. The company has been hard hit by wavering biofuels policies and looked to produce a pure glycerin product as well to stabilize its income. The company is now looking for an investor or a buyer to help it implement the upgrade.
Category: Fuels