Headquartered in Hillsborough, N.J., Primus Green Energy has innovated a flexible renewable drop-in fuel technology that produces high-octane gasoline that can be used directly in engines as a component in standard fuel formulas without costly engine modifications or changes to the fuel delivery infrastructure. The Primus Green Energy technology is a proprietary version of proven commercial technologies to convert biomass and/or natural gas to a variety of liquid transportation fuels such as gasoline, diesel and jet fuel or specialty chemicals such as xylene and toluene. Primus Green Energy's technology has recorded the highest cellulose-to-gasoline conversion efficiency rate in the industry; is feedstock flexible through the use of natural gas as a supplement or replacement for biomass; and has low production and operational costs. Primus Green Energy is funded by IC Green Energy, the renewable energy arm of publicly traded Israel Corp.
Date | Amount | Type | Investors | Valuation |
---|---|---|---|---|
03/15/12 | $12,000,000 |
IC Green Energy | undisclosed |