Cool Planet Energy Finds $100M For Biofuel Technology
Greenwood Village-based Cool Planet Energy Systems, a developer of biofuels processes which it says are carbon negative and produce both biofuels and soil amendments, has raised $100M in a Series D financing round. The company said the private placement was led by UBS and Goldman Sachs, and also included both its current strategic and venture investors, along with a number of new, equity funds from outside of the United States. Cool Planet's biofuels process produces both fuel as well as a biochar product, which it says can be used to increase crop productivity and health, and also help reduce water and fertilizer requirements.
posted on Tuesday, April 1, 2014 (Link to more information)
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