Greenline Industries receives $20M investment for biodiesel production
Among the many arguments against large-scale biodiesel production, one is that the process of making it takes a lot of water, which can be bad for the environment. Greenline Industries says its process works without using water.
The company’s patented process uses a resin to purify biodiesel. It has already sold some 30 biodiesel production lines with a yearly capacity of 200 million gallons, according to its press release.
The $20 million funding was provided by Leaf Clean Energy, a cleantech investment fund publicly traded on the London AIM. Greenline is based in San Francisco, Calif.; this is its first institutional investment.
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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.