SG Biofuels: 50 Hottest Companies in Bioenergy candidate profile
SG Biofuels
Based in: California
2008-09 ranking: Unranked
Business: SG Biofuels is utilizing breeding and genetics to drive further improvements to the yield and profitability of Jatropha as a non-edible, plant-based feedstock. SG Biofuels produces crude oil from Jatropha that can be used for a variety of bio-based materials including biodiesel and feedstock substitutes for the petrochemical and jet fuel industries.
Model: SG Biofuels’ business model is to produce superior, high-yielding and profitable strains of Jatropha and use this advanced genetic material to generate revenue through seed and plantation development.
Past milestones:
1. Assembled a world-class leadership and scientific team including executive management, energy, biotechnology and agribusiness veterans, as well as three members of the National Academy of Sciences.
2. Launched Genetic Resource Center including the largest library of Jatropha genetic material in the world (more than 6,000 accessions)
3. Identified several cold tolerant strains capable of thriving at temperatures and altitudes not previously considered possible.
Future milestones:
1. Bring first commercial product to market.
2. Sequence the Jatropha genome.
3. Drive cost per gallon of Jatropha oil to less than $1.00.
Metrics: Fuel cost is currently at $1.50 per gallon. We expect to drive that cost to below $1.00 per gallon in the next two to three years.
SG Biofuels quotable quotes:
“SG Biofuels has assembled the world’s largest, most diverse library of Jatropha genetic material and teamed with leading plant geneticists to develop improved varieties. The company has a large trait pipeline including yield improvements, cold-tolerance and decreased agronomic inputs. Further developments will include climate adaptations that will expand the opportunities for Jatropha to include non-tropical climates around the world. Through its Genetic Resource Center, SG Biofuels has already identified several strains of Jatropha capable of thriving in colder, higher elevations.”
The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.
Information on registering your company for the “50 Hottest Companies in Bioenergy” rankings is here. While registration is not required, completing the candidate profile allows companies to augment information provided to the panel of selectors – registration form materials are also used to create candidate profiles that are published daily in Biofuels Digest.
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