IHS Chemical Week

EnviroTech :: Alternative fuels

Cool Planet reaches second closing of D-round financing

9:04 AM MDT | September 18, 2013 | Francinia Protti-Alvarez

Cool Planet Energy Systems (Camarillo, CA) has closed the second round of a D-round financing, the company has announced. After closing on more than $29.9 million in June, Cool Planet has added another $19.4 million, bringing the total amount raised and committed, including the remaining commitments from existing investors, to more than $60 million. Cool Planet is a developer of small-scale biorefineries for converting nonfood biomass into high-octane, drop-in biofuels. The process also generates value through production of biochar, which can be...

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