Investors include a roster of big names including Google Ventures, BP, General Electric, and ConocoPhillips. Last month the company broke ground on its first commercial plant, located in Louisiana, and this new capital will go towards completing that infrastructure and building two more Louisiana facilities. Cool Planet argues that its process takes more CO2 out of the atmosphere than it adds in Like many biofuels companies before it, Cool Planet makes liquid fuel from plant matter, mostly leftover agricultural waste like corn cobs and sugar canes.
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