GreatPoint in Deal with Dow

4/23/09

Cambridge, MA-based GreatPoint Energy, which is developing technology that converts coal into cleaner-burning natural gas, said today that it has struck an agreement with Dow Chemical Company (NYSE: DOW) giving Dow the right to buy natural gas generated at GreatPoint’s facilities. Dow was the lead investor in GreatPoint’s $103 million equity financing round in 2007, providing cash for the company’s first pilot facility, which recently began operation in Somerset, MA.

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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