Benefuel closes $11 million series C raise

July 8, 2014 |

In Texas, Benefuel Inc. announced that it has closed $11 million in the first tranche of its offering of Series C Preferred Stock. A U.S. subsidiary of Suncor Energy, Canada’s leading integrated energy company was the primary subscriber. The first tranche also included Flint Hills Resources and other existing shareholders. Additionally, Benefuel and Suncor have agreed to work jointly to advance the commercialization and deployment of Benefuel’s patented ENSEL® technology in Canada and the United States.


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Category: Fuels

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