Eco-Carbone, Euro-area carbon offsets and biofuel, raises €2.1 million
Eco-Carbone is a French company that develops carbon credits for sale on international markets by trapping methane emissions from coal mines. Although based in Europe, it works with Chinese mining companies to collect the emissions, which are then used for energy.
The company is also growing Jatropha, a plant native to Central America that produces particularly oily seeds. The plant, although relatively unknown in the US, is being developed on several other continents as a promising feedstock for biodiesel.
The €2.1 million funding (about $3.2 million in US dollars) was provided by a private equity firm called Truffle Capital.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.