SG Biofuels Lands $9.41M

Encinitas-based SG Biofuels, a developer of Jatropha-based biofuels technology, has raised $9.41M in a funding round, according to a regulatory filing by the firm today. Source of the new funding was not disclosed. SG Biofuels is headed by Kirk Haney. Jatropha is a drought- and pest-resistant plant which has a very high oil content, and which has been identified as a good source of biofuels. More information »