Company Name Cobalt Technologies
Mailing Address 500 Clyde Avenue Mountain View, CA 94043
Company Description Cobalt Technologies is contributing to solving energy challenges by making commercial scale biobutanol from biomass a sustainable reality. Our patented and proprietary technologies create favorable economics for the biorefinery business model by increasing productivity and reducing energy required in the production process.
Proceeds Purposes The additional capital will enable Cobalt to build out its new 470,000 gallon per year demonstration plant in Alpena, Michigan, which will be the world’s first cellulosic biorefinery for the production of the industrial chemical n-butanol. In addition, the funding will enable Cobalt to expand its network of strategic relationships, to begin development of its first commercial facilities and to progress its partnership with the U.S. Navy to develop bio jet fuel.