Google would not release the specific details of its first biofuels investment, but a Google spokeswoman said that it was not the lead investor in the $20 million Series B funding round.
CoolPlanetBiofuels, headquartered in Camarillo, Calif., makes a4‚¬Anegative carbon biofuelsa4‚¬¯ out of raw biomass like wood chips and algae. A solid form of carbon is produced as a byproduct and then converted into a soil conditioner, sequestering both the carbon from the biomass and additional carbon trapped by the plants in the soil.
Googlea4‚¬a4„s contribution will be used to accelerate the development of CoolPlanetBiofuela4‚¬a4„s technology, according to a press release.
[Image via CoolPlanetBiofuels]
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Companies: CoolPlanetBiofuels, Google
Companies: CoolPlanetBiofuels, Google
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