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Formed to develop and commercialize feedstock conversion technologies for biofuel producers. The company is applying patent pending processes to a variety of second generation feedstocks, including algae and various cellulosic materials, to create biodiesel and ethanol. By using these low-cost/high-yield feedstocks, biofuel producers will be positioned to compete with petroleum fuel producers on the free market, independent of any subsidies or mandates. The company’s expertise includes both process conversion and plant design/construction. Inventure currently operates a biodiesel and ethanol R&D production site in Seattle, Washington where it is currently producing biodiesel and ethanol from algae sourced from various suppliers, including Seambiotic. Using algae feedstock, the company has produced biodiesel that meets stringent American Society for Testing and Materials (ASTM) standards. Inventure is in the final stages of closing its second round of private financing.