The Southern Ute Tribe of Colorado, known as a player in the energy industry, is entering a new field. The tribe is hosting a biofuels plant on the reservation. Solix Energy Inc, a start-up, hopes to convert green algae into oil that can be sold on a commercial basis. "It’s a marriage of an older way of thinking into a modern time," Chairman Matthew J. Box told The New York Times. The tribe provided about a third of the $20 million that Solix raised to open the plant. The tribe is also providing land free of use to the company. Get the Story:
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