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Ford is getting religion when it comes to light-weighting its vehicles. The company has entered into a new partnership with Dow Chemical to develop carbon fiber that can be manufactured at affordable prices for high-volume applications. That, of course, is the holy grail of weight reduction, which is why other manufacturers like BMW and General Motors are also partnering with suppliers to try and achieve the same ends.

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The multinational Dow Chemical Company has formed a joint venture with Japan's Ube Industries to produce electrolytes for use in automotive lithium-ion batteries.

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When the subject of algae comes up in relation to biofuels, it's usually concerning biodiesel. That's because algae are very high in oil content. However, one of the main reasons for interest in algae is that it grows fast and consumes a significant amount of carbon dioxide. With that in mind, there is no reason algae couldn't also be used to produce ethanol. A company called Algenol has refined strains of algae specifically for ethanol production in salt water. Algenol has submitted a grant app

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