Friday, March 18, 2011

Google Ventures backs CoolPlanetBiofuels

TODD WOODY posted Google Ventures Leads Financing of Biofuels Start-Up about Google Ventures backing CoolPlanetBiofuels and wrote:

“We take biomass such as corncobs, yard clippings wood chips and fractionate that biomass into discrete gas streams,” said Mike Cheiky, CoolPlanetBiofuels’ chief executive and a longtime technology executive. “Those individual gas streams aren’t really useful by themselves, so we run them through catalytic conversion columns that convert them to useful fuels.” (...) So CoolPlanetBiofuels plans to take the refineries to the fuel source by packaging its machines in tractor-trailers.

IPBiz notes Cheiky is a named inventor on several US patents, the most recent of which is US 7,762,236, titled Piezoelectric fuel injector having a temperature compensating unit and assigned to Transonic Combustion, Inc. (Camarillo, CA). Coincidentally, CoolPlanetBiofuels is also based in Camarillo, CA.

The last sentence of the piece by Woody got into carbon negativity: “We can sequester carbon as we make the fuel and make a soil enhancer for crops,” Mr. Cheiky said. “We will have a negative-carbon fuel.” This begins to sound like biochar. Of this point, TechCrunch wrote: Based in Camarillo, Calif. CoolPlanet claims its biofuel products are not just net zero, but “negative carbon fuels,” because the byproducts from making and using them can sequester carbon, and therefore act as a soil conditioner.

Of jobs, Pacific Coast Times wrote: “This is going to help us build our first million-gallon-a-year biomass-to-gasoline plant,” Mike Rocke, vice president of business development at CoolPlanet, told the Business Times in November. “We’re going to be expanding and adding between 50 and 75 new jobs next year.”

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