A company that we featured this year as part of our list of top 10 emerging technologies (the TR10), Joule Biotechnologies, today announced that it had pulled in a second round of funding. It will use the money–$30 million–to push forward on a pilot plant it’s building in Leander, TX, near Austin. The company says its on track to start “high-capacity” production of diesel in 2012.
The company has developed a system that using genetically engineering photosynthetic organisms to convert carbon dioxide and water–with energy from sunlight–into diesel fuel (another similar system makes ethanol). Read more here.
Don’t settle for half the story.
Get paywall-free access to technology news for the here and now.