Wednesday, October 24, 2012

Report: Cool Planet Seeking $100M For Biofuel Plant

What's behind that report this morning by Cool Planet Energy Systems and progress on its ability to produce $1.50 per gallon gasoline from biofuels? According to a report from GigaOm this morning, an effort to raise $100M to build out its first biofuels facility. CEO Howard Janzen told the publication that the firm hopes to start delivering its fuel from its facility in 2014. Cool Planet Energy is backed by Electric, Google Ventures, BP, ConocoPhillips, NRG and Constellation Energy.