GE subsidiary GE Energy Financial Services and North Bridge Venture Partners will invest $8 million in a company developing a biofuel production process coupled with the production of biochar.
Cool Planet Biofuels converts cellulosic byproducts like plant waste and woodchips into biofuel that can be used in vehicles.
The company's byproduct from the process is biochar, or manmade coal as some call it, which just like conventional charcoal can be burned for fuel. It's something the company says qualifies its biofuel process as being carbon neutral.
The biochar can also be buried in the ground serving as both … Read more