Cool Planet Energy Systems, a technology company producing green fuels and biochar products, broke ground on the company’s first commercial facility in Alexandria, Louisiana, dubbed Project Genesis. Permits have been received to begin earthwork and grading, with construction to immediately follow. The facility is designed to produce 10 million gallons per year of high-octane, renewable gasoline blendstocks, as well as biochar, all made from sustainable wood residues. (Earlier post.)
The facility will be located at the Port of Alexandria, on the Red River Waterway in Central Louisiana. The site was chosen because of its excellent wood biomass availability, interstate and rail access, and direct barge access to more than nine refineries.
Cool Planet’s technology turns biomass into green fuels and biochar and has the capability to be carbon negative. The company’s green fuels are able to be blended directly into the current fuel supply to reduce greenhouse gases from the air without sacrificing performance or increasing prices at the pump. The biochar product sequesters carbon and delivers transformative benefits to industries as diverse as agriculture, chemicals and pharmaceuticals. As a soil amendment, field trials of the company’s Cool Terra biochar with commercial growers have shown yield improvements of more than 50% with significant reductions in fertilizer and water use.
Cool Planet strategic investors include BP, Google Ventures, Energy Technology Ventures (GE, ConocoPhillips, NRG Energy), and the Constellation division of Exelon.