Funding Boost for Waste Methane Processor - Green Inc. Blog - NYTimes.com

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Funding Boost for Waste Methane Processor

Landfills, coal beds and cattle feedlots all produce methane, which is often either flared — that is, burned off — or released into the atmosphere as a greenhouse gas.

Prometheus Energy , a five-year-old company based in Redmond, Wash., has developed a technology to turn that waste methane into liquid natural gas. And the company this week raised $20 million from the Shell Technology Ventures Fund , a fund related to the petroleum company Royal Dutch Shell and Black River Asset Management , a subsidiary of the agriculture giant Cargill .

The deal represents a vote of confidence from a fund connected to the world’s largest nongovernmental producer of liquid natural gas, and industry insiders say it’s a victory for ...

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http://greeninc.blogs.nytimes.com/2009/07/03/funding-boost-for-waste-methane-processor/

http://greeninc.blogs.nytimes.com/2009/07/03/funding-boost-for-waste-methane-processor/