Top100.Cobalt Technologies Recognized As Top Company In Alwayson
Goinggreen Silicon Valley Top 100
Mountain View, CA - October 13, 2010 - Cobalt Technologies, the leader in commercializing biobutanol as a renewable chemical and fuel, was recently named to the AlwaysOn “GoingGreen Silicon Valley Top 100,” a collection of top Silicon Valley companies rated on breakthrough potential, market size, management team and investors.
“We’re very pleased to be recognized for the progress we have made in bringing biobutanol to market as a lower cost, green alternative to petroleum-based products,” said Rick Wilson, CEO of Cobalt Technologies. “With a great team in place and the strong support of our investors and partners we have continued to innovate and remain on track to commercialize our technology, despite the challenges of the economic environment.
This year's “GoingGreen Silicon Valley 100 Top Private Companies” list is characterized by companies persisting through difficult economic conditions and utilizing innovative business models, multinational partnerships and creative use of government incentives. Winners were officially honored at Going Green Silicon Valley 2010 in San Francisco on October 12th.
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.