IHS Chemical Week

EnviroTech :: Sustainability

US firm raises funds for construction of commercial biomass fractionating biorefinery

3:40 AM MDT | June 10, 2013 | Francinia Protti-Alvarez

Cool Planet Energy Systems (Camarillo, CA) says it closed on $29.9 million of its anticipated $100-million D-series financing that will fund construction of the company's first commercial production facility. Cool Planet is currently operating a pilot facility at Camarillo. "This early close includes investments by all of our existing investors along with some high-quality new investors. We remain very encouraged by the response to our ongoing fundraising efforts in the US and globally and fully expect to achieve our goal of raising a minimum of $100 million...

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