Cool Planet Energy Systems Receives $19,400,000 Series D Financing
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f02665e1-668d-4449-a6e8-fab7f372b0b4
Date 9/17/2013
Company Name Cool Planet Energy Systems
Mailing Address 460 Calle San Pablo Camarillo, CA 93012
Company Description Cool Planet has developed a patented process that converts non-food biomass into gasoline through mechanical and chemical processes. Our process, known as the carbon negative fuel cycle creates drop-in gasoline and can be used in any vehicle on the road today.
Proceeds Purposes Cool Planet will use a portion of the equity raise to finalize engineering design for the company’s first commercial facility. This work will be supported by leading international engineering firm, URS Corporation, as the company recently announced. The funding will also provide capital to construct Cool Planet’s first commercial plant, which will be located at the Port of Alexandria, Louisiana.