Google Invests in CoolPlanetBioFuels

3/17/11

CoolPlanetBioFuels of Camarillo, CA, said today that it has collected a Series B financing round from Google Ventures, the investing wing of the Mountain View, CA, search giant. The amount of the investment was not specified. CoolPlanetBioFuels says it’s developing a “thermal/mechanical” fractionation technology that extracts hydrocarbons from stripped corncobs, corn stalks, wood chips, and other biomass. The hydrocarbons can be processed into gasoline while the leftover “biochar” can be buried as a soil enhancer. ”The company has come up with an innovative solution to one of the world’s biggest problems,” Google Ventures partner Wesley Chan said in a statement. “The technology is a win-win as the company is developing a sustainable and renewable energy source that also helps reduce the amount of  carbon in the atmosphere.”

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 @

By posting a comment, you agree to our terms and conditions.