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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

Green Car Congress

One of the catalytic conversion processes creates a high-octane gasoline blend stock that can be used in today’s standard automobiles requiring no change to existing conventional fuel distribution systems. The company broke ground on its first biofuel production facility in Alexandria, Louisiana, on 26 February 2014.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

Green Car Congress

USDA has reached an agreement with Silicon Valley Bank to provide a $91-million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on an advanced biofuel plant at the Port of Alexandria in Louisiana. Earlier post.). The Cool Planet process is widely tunable in the produced biochar/fuel ratio.