hypocritexposer
Well-known member
Where's the Stimulus money for these Green technoolgies that are the saviors of mankind.
http://www.xconomy.com/boston/2009/05/13/greenfuel-runs-out-of-fuel-shuts-down/
GreenFuel Runs Out of Fuel, Shuts Down; Algae-to-Biofuel Technology for Sale
Wade Roush 5/13/09
[Updated 7:30 p.m., 5/13/09, with input from former GreenFuel interim CEO Bob Metcalfe, see below.] Cambridge, MA-based GreenFuel Technologies, which struggled for eight years to commercialize an industrial-scale process for growing algae that could be turned into biofuels or food, is closing down for lack of financing and selling off its technologies. Greentech Media broke the story earlier today.
Duncan McIntyre, an associate at Waltham, MA-based Polaris Venture Partners, which participated in several venture rounds that raised more than $70 million for GreenFuel, told Greentech that the company could not raise the funds needed to build planned test facilities in Spain. “We are closing doors. We are a victim of the economy,” McIntyre told the publication.
http://www.xconomy.com/boston/2009/05/13/greenfuel-runs-out-of-fuel-shuts-down/