Investment and partnership for Cool Planet Energy

Singapore-based Concord Energy has signed an agreement with Cool Planet Energy Systems to establish a joint-venture in the Asia Pacific region.

The partnership will develop commercial production facilities for the conversion of non-food biomass into biofuels and soil enhancing biochar.

'We believe Cool Planet has developed a technology that will revolutionise the production of biofuels, and we are delighted they have chosen us as its partner,’ says John Stuart, CEO of Concord’s Asset Group.

Concord Energy has also made a financial investment into Cool Planet, joining other global investors such as BP, Google Ventures, Energy Technology Ventures and the Constellation division of Exelon.