Cool Planet Raises $9.2M for New Product

Story by Amy Dipierro, BusinessDen.com

A Greenwood Village company that turns wood chips into high-octane fuel has completed a $9.2 million capital raise to open up new business as gas prices slump.

In 2014, the company received a $91 million loan guarantee from the U.S. Department of Agriculture to build a fuel production facility in a part of Louisiana ringed by tree farms. Bolsen said the timeline for opening that facility, now under construction, will depend largely on oil prices.

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