Tuesday, January 17, 2006

Seattle BioFuels raises $7.5M Series A

Fellow VC and blogger Martin Tobias' Seattle BioFuels announced that they have raised a $7.5M Series A from Nth Power, Technology Partners and Vulcan Capital. The capital is going to be used to take their biodiesel production model nationwide, and to accelerate deployment of new technology.

5 Comments:

Blogger Kiltie_Nanaimo said...

Seattle Biofuels.....USELESS!!!
How many acres of AMAZON forest are cleared to grow soybeans to power even one ferry from Seattle to Bremerton??....How many millions of Jojoba plants are required to power a freight train from Seattle to Chicago....How many acres of Borneo's jungle cleared already to grow oil palms. 50% perhaps!! COAL TO OIL is the technology of the future. The SASOL company has the technology.

6:01 PM  
Blogger Rob Day said...

To be clear, Seattle BioFuels is, as far as I know, not using any soybeans from the Amazon region, particularly since their stated strategy is to try to locally source their inputs, to help drive cost advantage.

2:15 PM  
Anonymous Matteo said...

The only thing I know about AMAZON agricolture is that a non secondary part of the land is used to farm crops for the western meat industry, in a intensive manner.
Biofuels can be produced from secondary resources and food industry waste too. And can be utilized to recover marginal and unused fields, other than diversifing agriculture production.
And they require an energy intensity reduction, through innovations in the vehicles technologies (hibrid and hygh efficiency systems), and other kind of energy resources (fuel cell, elecricity from sun and wind) because biofuels will never substitute all the oil.
We need a lot of technologies and innovations, and if coal to oil is more sustainable (but REALLY sustainable) than other sources, it can be used too. We don't have to find THE SOLUTION, but A LOT OF SOLUTIONS,

6:05 PM  
Blogger FoodMonkey said...

Biofuels (i.e. ethanol) have been getting a good deal of attention recently (not just in the State of the Union the other day) while bio-diesel has been relatively quiet. Any thoughts on why that might be? My guess is that to address the full transportation market, E85 requires less technological change in car-engines than a switch to bio-diesel would. If that's the case though, why invest in bio-diesel at all – what’s the potential market? (In other words, do you think it is a zero-sum game?)

10:49 AM  
Anonymous Anonymous said...

Biodiesel can used in ANY regular Diesel engine. Ethanol is for the Unleaded cars. Understand? Big Time market 4 it.

11:39 PM  

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