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Booming Biofuel Startup Sets Sights On $2-A-Gallon Diesel

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"We have 203 employees -- and we're growing," John Melo, CEO of alt-fuel startup Amyris, said as he stepped jauntily through the glass doors at his company's gorgeous new digs just down the street from Pixar in this industrial town outside Oakland.

In the worst financial climate in decades, the company is pushing ahead with its audacious plans to make 200 million gallons of synthetic biofuel a year at $2 per gallon by 2011.

Last week while other companies handed out pink slips and contemplated cutbacks, Amyris had a modest party -- cheese, bread, and wine in their not-quite-Google cafeteria -- to celebrate the completion of a new pilot plant with 2.4 million gallons of annual capacity.

Read the whole story at wired.com

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