Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out.
Transbiodiesel, an Israeli biodiesel startup that has a unique technology to produce the fuel, has taken $1.5 million and signed a cooperation agreement with an unnamed large United States biodiesel company, according to Globes.
The process Transbiodiesel uses can produce less glycerin in a more environmentally friendly manner, which in turn increases fuel yields and decreases pollution. The overall process is also supposed to be cheaper than standard methods for making biodiesel.
The funding was provided by AquAgro, the venture funding arm of public company B. Gaon Holdings.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more