Google funds company producing biofuel from grass

Business Green: Biofuel technology is an "innovative solution to one of the world's biggest problems", says Google
Google headquarters in California. Photograph: Paul Sakuma/Associated Press



"The company has come up with an innovative solution to one of the world's biggest problems," said Wesley Chan, partner at Google Ventures. "The technology is a win-win as the company is developing a sustainable and renewable energy source that also helps reduce the amount of carbon in the atmosphere."



"Our process yields about the same amount of carbon as gasoline so, if we sequester this carbon as a soil enhancer, or simply bury it as coal, the associated fuel has a N100 negative carbon rating," the company says on its web site.


The deal is the latest in a long line of clean tech investments from Google Ventures and follows hot-on-the-heels of the firm's investment last month in energy efficiency company Transphorm.