When you hear “Google” and “chips” together, chances are you’re not thinking about recycling wood from trees. A startup called CoolPlanetBiofuels plans to create fuel using discarded wood chips and agriculture waste, and Google Ventures is a major investor, according to The New York Times. Because unrefined biomass is so expensive to transport for the amount of fuel it yields, the company plans to create equipment trailers that can be brought to the biomass to refine it into viable fuel. Mike Cheiky, the company’s chief executive, said that a cluster of these trailers could produce around 10 million gallons of fuel every year.
CoolPlanetBiofuels expects to start by producing a gasoline additive to help meet California laws encouraging a low-carbon fuel standard. Then, the company will move on to producing biofuel that can run in a regular gas engine.
Besides the Mountain View search giant, CoolPlanetBiofuels has also signed up ConocoPhillips, GE Capital and NRG Energy as investors, and has a small pilot plant up and running producing fuel already. They hope to have their first array of trailers making the biofuel-producing rounds within a year.
[via NYtimes.com]