Transbiodiesel raises $1.5M for biodiesel production
Transbiodiesel, an Israeli biodiesel startup that has a unique technology to produce the fuel, has taken $1.5 million and signed a cooperation agreement with an unnamed large United States biodiesel company, according to Globes.
The process Transbiodiesel uses can produce less glycerin in a more environmentally friendly manner, which in turn increases fuel yields and decreases pollution. The overall process is also supposed to be cheaper than standard methods for making biodiesel.
The funding was provided by AquAgro, the venture funding arm of public company B. Gaon Holdings.
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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.