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Read more with google mobile : Google backs biomass fuel firm CoolPlanetBiofuels |

Edition: U.S. Article Comments (0) Follow Reuters Google backs biomass fuel firm CoolPlanetBiofuels Tweet Share this SAN FRANCISCO (Reuters) - The venture capital arm of Google Inc has invested in a start-up that is developing technology to produce fuel from inedible biomass such as grass and wood chips. The process, deployed by CoolPlanetBiofuels, also produces a... Email Print Related News Special report: A PlayBook for fighting Apple and Google Wed, Mar 16 2011 UPDATE 4-Facebook hires Google exec to lead M&A efforts Mon, Mar 14 2011 BP expands in Brazilian biofuels with $680 million buy Fri, Mar 11 2011 Facebook puts six on Forbes billionaire list Thu, Mar 10 2011 Angry Birds creator Rovio raises $42 million Thu, Mar 10 2011 Analysis & Opinion Figuring out Foursquare Finding a place in a rebalanced global economy Related Topics Technology » Green Business » Stocks SAN FRANCISCO | Fri Mar 18, 2011 10:02am EDT SAN FRANCISCO (Reuters) - The venture capital arm of Google Inc has invested in a start-up that is developing technology to produce fuel from inedible biomass such as grass and wood chips. The process, deployed by CoolPlanetBiofuels, also produces a byproduct that can capture carbon and also be added to soil to improve crop yields, leading to what Google Ventures described as a "negative carbon fuel." "While we have made significant progress over the past couple of years, this new infusion of capital, coupled with the expertise of the Google Ventures team, enables our team to scale even faster," Mike Cheiky, chief executive of Camarillo, California-based CoolPlanet, said in a statement on Thursday. Google's undisclosed amount of Series B funding follows a $42 million investment last month by Google and Silicon Valley venture capitalist Vinod Khosla in a weather insurance start-up. Also last month, Google Ventures invested in power-saving energy conversion technology firm Transphorm. (Reporting by Braden Reddall; Editing by Steve Orlofsky) Technology Green Business Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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