Catilin secures $3 million in financing for nanotech biodiesel production facility and research
| July 7, 2007 |  View for printing |
The company claims that its nanotechnology process allows biodiesel producers to get maximum profit from a broad range of feedstocks using fewer processing steps, which leads to lower overall costs, and greatly reduces water consumption and environmental contaminants. The process works with existing biodiesel production facilities.
Catilin, a biodiesel production company, has raised $3 million in Series A financing led by MDV-Mohr Davidow Ventures, an early-stage Silicon Valley-based venture capital firm. The funds will be used to build out a pilot production facility, continue groundbreaking research, and build the Catilin team.
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