In California, GE Energy Financial Services has joined an $8 million funding round for CoolPlanetBioFuels, a start-up company developing a technology that converts low-grade biomass into high-grade fuel and carbon that can be sequestered.
This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet’s financing round last year. CoolPlanet’s low-cost approach towards converting cellulosic plant material — such as grass and wood — into gasoline could create jobs in rural, agricultural areas as well as demand for non-food crops.
More on the story.
- Go West, young biofuels entrepreneur
- Google invests in CoolPlanetBioFuels, joins $2M Series B round
- GE optimizes Waukesha gas engine for biogas
- Portland GE boosts experiments in biomass feedstocks
- Codexis, Velocys, Cool Planet join Advanced Biofuels Association
- GE joins Australian aviation biofuels consortium
- GE Aviation commits to buying 5 million gallons annually
- GE to invest $245M in Brazilian R&D center: biodiesel, advanced biofuels, materials in focus
- Biofuel organizations form Biofuels Producers Coordinating Council
- RFA and Growth Energy slam EU over ethanol import tariff
- Embraer 170 jet biofuels trials successfully completed
- [LL] Cool Planet Rocks the Bells
- “How can biofuels impact global warming and poverty? CoolPlanet CEO, Mike Cheiky, shares his vision.”
- Phycal receives $27m DOE grant
- BP, GE, Google invest in Cool Planet Biofuels
Category: Producer News