Virgin’s Branson Invests in Cilion
Richard BransonÃ‚Â invested more than $60 million into Cilion recently, a company that will make bioethanol from corn. Cilion raised a total of $160 million earlier this month.
In total, Virgin Fuels, the subsidiary used for the investment, is investing $400 million in several biofuel companies, The Sunday Times reports (via Free Republic). Virgin Fuels is already working with UK’s government to make it economic for train companies to use biodiesel.Ã‚Â Branson is understood to be considering other big investments in a range of other alternative-energy technologies, including wind power, hydro-electric and possibly even small nuclear stations.
Cilion is expected to start work on the first of seven bioethanol plants within a few weeks.
Energy Manager News
- Submissions Now Accepted for Energy Manager Today Awards
- New York City Study Conclusion: Benchmarking Works
- Behind the Meter Podcast: Keys to Energy Efficient Air Filtration
- Tecogen Lands Deal in Coney Island, NY
- SCS Provides LEDs to AZ Stores in Arizona
- New Green Advancements in Hospital Environments
- Big Island Utility Hits 5-MW Cap on Customer-Operator Rooftop Solar Credits
- Benton PUD Announces 5% Rate Hike