BP Joins GE, Google Ventures, ConocoPhillips, and NRG Energy in Investing in Cool Planet BioFuels

CAMARILLO, CA--December 29, 2011: Cool Planet BioFuels, Inc. today announced that BP Technology Ventures has made an investment in the company's C Round along with follow on investments by the company's current investors, General Electric, Google Ventures, ConocoPhillips, NRG and North Bridge Venture Partners. The C Round was led by Shea Ventures.

Cool Planet BioFuels is developing bio based renewable, reduced carbon gasoline that can be blended with conventional gasoline and used in today's vehicles. In addition to BP and ConocoPhillips, several other energy companies are in the process of testing and evaluating Cool Planet's fuel with very good results to date. The company expects to announce additional energy company strategic relationships throughout 2012.

Cool Planet's renewable gasoline is chemically indistinguishable from crude oil derived product and can only be detected by radiocarbon isotope analysis.

The company completed its B Round financing in the spring of 2011 and has pulled in its C Round a year ahead of schedule in order to accelerate the development of its modular fuel production plants. Cool Planet expects to deploy hundreds of relatively low cost modular plants around the country in the next few years to make effective use of available biomass without incurring high transportation costs. Cool Planet's Energy Systems Division plans to mass produce these plants on a production line basis. Cool Planet's BioFuels division plans to team with various strategic partners to produce fuel using this equipment.

For more information, go to Cool Planet Bio Fuels.

BP Joins GE, Google Ventures, ConocoPhillips, and NRG Energy in Wasting Money on a Pie-in-the-Sky “Corn-based” Bio fuel Solution When Corn-based Ethanol is a Reality Today

By Marc J. Rauch
Exec. Vice President/Co-Publisher
THE AUTO CHANNEL

AUTO CENTRAL – December 29, 2011: We received a strange news release this morning about BP (British Petroleum) joining several other large energy and technology companies in making an investment in a company called “Cool Planet Energy Systems.” Cool Planet is engaged in developing a gasoline-like bio-fuel that can replace or be added to conventional gasoline in order to end our dependence on oil, while also helping to fight man-made global warming – if man is responsible for disastrous climate change.

Cool Planet’s alternative fuel solution requires corn (corn cobs). Corn, as any of you readers with at least a 6th grade education know, can also be used to make ethanol. If you are a regular visitor to TheAutoChannel.com, you may be aware of our very pro-ethanol position. If you are not aware of this, or need a reminder, CLICK HERE for more information.

Here’s why the press release is so strange: There are people in this world who are highly opposed to ethanol. These people are people in the oil industry – including those at BP and Conoco-Phillips; politicians who regularly take money from the oil industry; media people who rely on oil/gasoline advertising for revenue; and a fairly large bunch of fools who choose not to do any research of their own and instead rely upon the lies spread by the other ethanol opponents.

Within the typical lies spread by the above are: The nonsense that we don’t have sufficient farmable land in the U.S. to meet our fuel needs; that using corn for ethanol will raise the price of corn and food products in general; that the growing of this corn requires too much harmful chemical fertilizers; and that all the starving people in the world will starve even more (although they don’t eat corn).

So, if any of the negatives mentioned in the above paragraph are true, why are BP and Conoco (and the others) investing in Cool Planet’s solution? Why not just invest in ethanol production, which is not in a developmental stage, but is a proven engine fuel and is available right now? Also, keep in mind that ethanol does not require corn as the base ingredient – there are plenty of other items that are far better to use.

Cool Planet’s bio-fuel solution doesn’t make corn easier to grow, or more abundant; the increased demand for corn would have the same effects on prices and food stock availability.

There are no valid reasons for anyone to invest in Cool Planet’s corn-based faux-ethanol.

Except two!

First, the hocus-pocus of the Cool Planet process would probably allow them (and their investors) to patent the process, thereby creating a controlled market place for the production of this faux-ethanol. Controlling the market would give them the ability to make us dependent and reliant upon their brand of a corn-based gasoline alternative, and do nothing to make us energy independent.*

Second, BP and Conoco, and other gasoline companies if they are involved, can use this as another diversion…

The reason why Bob Gordon and I are so much in favor of ethanol – regular old ethanol – is that it can be produced by anyone, anywhere in the world. We don’t have to be enslaved to another master.

We can end our dependence on foreign oil today. We can stop the flow of trillions of dollars to foreign countries and regimes that hate America, today. We can create millions of new jobs here in America and end the depression starting today.

WAKE UP! WAKE THE HECK UP! Grab your political representatives by the neck (figuratively, of course) and throw them the hell out of office.

* The reason we are saddled with gasoline as our primary engine fuel, and the reason why we were subjected to decades of poisonous leaded-gasoline fumes is because General Motors and Standard Oil were able to patent a no-knock leaded gasoline formula that made them billions of dollars. Otherwise, we would probably be using simple, easy to produce domestic ethanol.