Wednesday, December 19, 2007

Israel Cleantech Ventures invests in Citrine Renewable Energy

There are no details on co-investors or the size of the investment, and Citrine Renewable Energy does not have a web site. The Israel Cleantech Ventures web site, however, contains the following company description:

"Citrine Renewable Energy (CRE) develops systems that cost effectively convert the biogas generated by landfills, waste water treatment plants, and other sources of biological waste into high value natural gas, which can be used to power natural gas vehicles. In addition to dramatically reducing emissions of greenhouse gases from landfills and sewage works, CRE's systems enable vehicles that use the fuel it produces to reduce harmful NOx emissions by 50% and particulate matter emissions by more than 70%. Truck and bus fleets powered by fuel produced by CRE can also benefit from significant fuel cost savings as compared to the cost of operating diesel engines."