Luca Technologies, a Colorado start-up, is harnessing “geobioreactors”, microorganisms capable of converting coal into methane. They hope to introduce their hydrocarbon-eating bugs into U.S. coal fields and harness the resulting natural gas. And some big backers are betting that Luca’s technology will pay off. In late September, Luca raised $20 million in venture funding. They aim to start operating commercially in a few years.
This entry was posted
on Thursday, October 18th, 2007 at 5:17 am and is filed under Biotechnology, Energy, Environment, Investment, Nature, News.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.