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Home Ethanol Tech Firm E-Fuel Raises $2.6 Million in Venture Debt

Home Ethanol Tech Firm E-Fuel Raises $2.6 Million in Venture Debt

Ethanol production costs can be as low as $0.56 per gallon

Los Gatos, Calif. – E-Fuel, a privately held, Los Gatos-based developer of technology for producing ethanol at home, has raised $2.6 million in venture debt, the company disclosed in a new filing with the Securities and Exchange Commission.

Founded in 2007, E-Fuel has developed a “MicroFusion Reactor” that the company says will process all forms of cellulosic waste into sugar water, the key ingredient for ethanol fuel.

The MicroFusion Reactor operates as a continuous process, in which every 2 minutes the cellulosic material in the reactor’s chamber is completely processed and ready for fuel processing. Its method of wood hydrolysis dissolves any wood or other cellulosic agricultural material in a manner that is residue free, according to E-Fuel.

Thought: Would be interesting to see why this hasn’t gotten major traction yet . . .

Read more . . .

via Smart Energy News

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