Cobalt Technologies Ranks 14th in Biofuels Digest 2010 “50 Hottest Companies in Bioenergy”
Mountain View, CA - December 07, 2010 - Cobalt Technologies, the leader in commercializing biobutanol as a renewable chemical and fuel, was named to the 2010 Biofuels Digest "50 Hottest Companies in Bioenergy," a premier collection of innovative companies recognized by their achievement in bioenergy development.
This was a momentous year for Cobalt Technologies, which ranked 14th on the list, a significant jump for the company, which ranked 30th on the 2009 list.
"We’ve made tremendous progress in 2010," said Rick Wilson, CEO of Cobalt Technologies. "We launched our pilot plant with Governor Schwarzenegger in January, produced biobutanol for engine testing from beetle-killed lodgepole pine trees, and entered a partnership with the U.S. Navy to create renewable jet and diesel fuel in November. All year long our team continued to deliver innovative improvements to our technology, keeping us at the cutting edge of this rapidly evolving field."
Among the 50 companies on the list, 16 are producing "drop-in" renewable biofuels such as biobutanol, renewable diesel, green gasoline and renewable jet fuel. Another 15 are active in cellulosic ethanol development, five are developing algae-based energy solutions and 13 are developing capabilities to produce renewable chemicals.
The Biofuels Digest rankings are based 50 percent on votes from a 75-member panel of international selectors and 50 percent on votes from readers. For the full list please visit http://biofuelsdigest.com/bdigest/2010/12/07/the-50-hottest-companies-in-bioenergy-for-2010-11/.
About Cobalt Technologies
Cobalt Technologies is commercializing biobutanol, a versatile platform molecule for the renewable and profitable replacement for petrochemicals and petroleum. Cobalt’s technology efficiently converts diverse non-food feedstocks, initially woody biomass and sugar cane bagasse, into biobutanol. Cobalt will offer complete "capital light" systems for co-locating a biorefinery with a biomass power facility or pulp and paper plant, reducing costs and enhancing overall facility returns. Biobutanol can be sold as is for use in paints, coatings and other products; converted into bio-based plastics or full performance jet fuel and diesel; or blended with gasoline, diesel and ethanol. Engineered to achieve low costs through high productivity, energy efficiency and the use of low-cost feedstocks, Cobalt is making biobutanol and its derivatives a cost effective substitute to petroleum-based materials. Cobalt is based in Mountain View, CA.