Cool Planet Moves Closer to Full Funding for Modular Biofuel Plants

In California, Cool Planet Energy Systems has closed on $29.9 million of its anticipated $100 million D-series financing to build its first commercial biofuel production facility. Its patented thermo-mechanical process uses small, modular facilities to take “the plants to the biomass instead of bringing the biomass to the plants.” The company currently operates a pilot facility in Camarillo.