Cool Planet
Cool Planet provides Engineered Biocarbon Technology that can significantly improve soil health while sequestering carbon. The technology impacts three of the world`s largest markets. We are particularly focused on developing and commercializing our biocarbon engineering technology. With deep materials science and agronomy expertise, by applying modern process and manufacturing discipline, and through extensive soil and crop testing and trialing we are bringing new tools to the burgeoning soil health space. Our mission is to provide growers and producers with tools that improve the health of their soil, their productivity and yields, and the overall sustainability of their lands and operation. The technology impacts three of the world`s largest markets.
Company details
Find locations served, office locations
- Business Type:
- Manufacturer
- Industry Type:
- Bioenergy
- Market Focus:
- Nationally (across the country)
- Year Founded:
- 2009
- Employees:
- 101-1000
This company also provides solutions for other industrial applications.
Please, visit the following links for more info:
About Us
Cool Planet is a technology company developing hydrocarbon and biocarbon products to address three key necessities: energy, food and water. The key to this is a patented process that converts non-food biomass into gasoline using mechanical and chemical mechanisms. Our process, known as the carbon negative fuel cycle creates drop-in gasoline and can be used in any vehicle on the road today.
In addition to the fuel, the Cool Planet process creates a solid, inert biocarbon, known as CoolTerra. CoolTerra, winner of a 2015 Edison Award for innovation in agriculture, has many potential uses; one of which is as an organic soil enhancer that dramatically increases the retention of water and other nutrients. Using biocarbon in this way addresses the growing global scarcity of food and fresh water while removing carbon from the atmosphere.
The team at Cool Planet, along with our top-tier investors which include GE, BP, Google Ventures, and North Bridge Venture Partners, believe our technology innovations coupled with our unique business model is helping to reduce our dependence on foreign oil, improve agriculture, save water, and dramatically impact climate change.
Relative to other fuel production processes, our technology allows us to build smaller, significantly less expensive facilities closer to biomass feedstock, so we can expand rapidly, achieve lower scale-up risk and continuously innovate and improve with each new facility.
Our strategic investors include BP, Google Ventures, Energy Technology Ventures (GE, ConocoPhillips, NRG Energy), and the Constellation division of Exelon.
Company Values
Our goal is to operate our business based on a set of timeless guiding principles that create mutually beneficial relationships with all our stakeholders—investors, customers, employees, business partners and communities.
Scalable Business Model
Our Unique, Distributed Business Model
Cool Planet’s technology and business model allows us to rapidly innovate, and quickly move from 'version 1.0' to 'version 2.0' and beyond. We will be able to standardize a plant design, reduce capital cost, and improve performance with each iteration of the technology.
The company’s unique business model of building smaller, significantly less expensive facilities closer to biomass feedstock allows us to achieve a lower scale-up risk than companies needing to build large facilities that require economies-of-scale to be profitable. We provide optionality, and product diversification, with each facility producing 2 main products. A liquid hydrocarbon for the fuels and chemicals industry, and a solid biocarbon product that is used in agriculture and water applications.
Each 5-50 million gallon per year production facil...
Each 5-50 million gallon per year production facility is approximately one hundred times smaller than a typical oil refinery. The facilities are strategically located within 20-40 miles of biomass sources. This lowers our overall transportation costs and carbon footprint, and along with the simplicity of our technology and size of our facilities, helps us achieve one of the lowest capital and operating costs in the fuels industry. This will allow Cool Planet to commercialize its technology faster, with far lower investment capital than most biofuel companies.
By starting small and swift, Cool Planet reduces risk by anticipating and adapting to technological, construction or operational changes that inevitably occur in the commercialization phase. With each facility, the team can innovate around and overcome any challenges.