SEATTLE, July 15 /PRNewswire/ -- Blue Marble Energy Corp. announced today that it had closed its series A financing round. The infusion of capital assures the company of the resources to continue its ground-breaking development of technology that converts a wide variety of cellulosic materials (such as algae, plants and food waste) into a sustainable source of valuable bio-chemicals.
As part of the agreement, the lead investor has joined the board of Blue Marble Energy.
Kelly Ogilvie, co-founder and CEO of Blue Marble Energy, said he was particularly pleased given the extreme pressure on capital markets. "With the tightness in the financing markets, it is very gratifying to see the faith that the market is placing in our vision of the future of biochemicals and renewable energy from waste biomass," Ogilvie said.
Blue Marble Energy is in the final stages of building out its integrated demonstration facility in Seattle.
For more information visit www.bluemarbleenergy.net
|SOURCE Blue Marble Energy Corp.|
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