“First of hundreds” says Cool Planet CEO. In California, Cool Planet Energy Systems was issued a $91MM conditional commitment from the United States Department of Agriculture for a loan guarantee to support construction of the company’s first commercial manufacturing plant.
Last year, Cool Planet Energy Systems CEO Howard Janzen said that the company will build three bio-refineries in Louisiana with a capital investment of $168 million.
Back in February, Cool Planet Energy Systems broke ground on the Alexandria plant, dubbed Project Genesis.
Cool Planet broke ground on its first commercial facility at the Port of Alexandria earlier this year.
In August, Cool Planet said expects to put out to tender later this year for construction of its first commercial waste-to-gasoline facility.
“Based on the results of our scientifically-designed field trials and the early interest that we’re seeing from growers, we know that this advanced soil amendment offers a compelling solution for addressing drought conditions and water restrictions,” said Rick Wilson, Vice President, CoolTerra Business for Cool Planet.
We’ve said it before: The key, in so many ways, is in Cool Terra – a product that has to deliver a substantial market if Cool Planet is to reach its cost and emissions goals.