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LATEST NEWS

Leaf Clean Energy invests in biofuels

4th April, 2008

Leaf Clean Energy will invest $20 million in Greenline Industries


Leaf Clean Energy will invest $20 million in Greenline Industries

US-based alternative energy investor Leaf Clean Energy has invested $20 million (€12.7 million) in biodiesel technology company Greenline Industries, and $20 million in cellulosic ethanol producer Range Fuels.

The investment would allow Greenline to accelerate research and development and add new products to reduce the cost of producing biodiesel.

The other funding will assist Range Fuels in deploying the first phase of its cellulosic ethanol plant in Soperton, Georgia, scheduled to commence operations in 2009.

Range Fuels uses a thermo-chemical conversion technology that converts a variety of biomass feedstock into alcohols, including ethanol. The Soperton facility is expected to be the world's first commercial-sized cellulosic ethanol plant. Range Fuels will use non-traditional feedstocks such as woodchips and other forms of agricultural residues in conjunction with its conversion technology to produce cellulosic ethanol.

 
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