Friday, March 18, 2011

CoolPlanetBiofuels Draws Google Ventures Investment To Make Gas From Grass

CoolPlanetBiofuels ? a company that converts grass, woodchips, and other non-food crops and farm residue into high-grade fuel ? attracted a series B investment From Google Ventures, the companies revealed Thursday. Based in Camarillo, Calif. CoolPlanet claims its biofuel products are not just net zero, but "negative carbon fuels," because the byproducts from making and using them can sequester carbon, and therefore act as a soil conditioner. Converting cellulosic plant material into gasoline could help the agricultural sector by creating demand for non-food crops, and potentially new jobs in rural farming communities...

Source: http://feedproxy.google.com/~r/Techcrunch/~3/2Ygo5LHxTRI/

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