Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing
Green Car Congress
MAY 11, 2015
Unlike processes requiring the fermentation of sugars from corn, cellulose or other biomass materials, Joule uses engineered biocatalysts to recycle industrial CO 2 emissions directly into ethanol, avoiding the use of crops, arable land and fresh water. New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization.