14 DAY TRIAL // Nowadays, governments and companies are pressured to boost the usage of biofuels, to liberate nations from a costly petroleum dependency and green up transportation at the same time.
Cool Planet may soon play an important part in this direction, since its innovative negative-carbon gasoline, inspired by plant photosynthesis, will soon be tested. California Air Resources Board (CARB) has recently given the green light to fleet tests. The main goal is to implement a biofuel that is both cost-efficient and eco-friendly enough to comply with California's low carbon fuel standard.
The company uses all kinds of biomass to obtain its products, while focusing mostly on woodchips, crop residue, algae and other unlimited sources.
While doing so, its production does not impact the food security system and cannot be associated with forced 'land grabs,' widely criticized by conservationists.
"Cool Planet's cellulosic based renewable gasoline is the first such technology to be granted CARB approval for fleet testing. Cool Planet's test blend is designed to address California's 2020 Low Carbon Fuel Standard which mandates a 10% reduction in carbon intensity versus today's gasoline."
The best part so far is that the process of obtaining negative-carbon biofuel offers a great byproduct which can be used in the agricultural sector, as fertilizer.
If future tests were to reveal that the negative-carbon gasoline was sustainable, affordable and reliable enough to be implemented, the company would start producing a biofuel compatible with all engines.
So far, the developing country received a great boost in the form of significant financial investments from BP Ventures, Google Ventures and others.
If tests prove its awesome features, so far acclaimed only on paper, the negative-carbon gasoline would become a gold mine, in the long term, for smart, eco-conscious investors.
"This new ruling will help Cool Planet BioFuels move closer to commercializing its environmentally friendly gasoline, which it can produce from almost any kind of biomass on a small, cost-effective scale," affirmed Kevin Skillern, representative of Energy Technology Ventures.