Xethanol Corporation, a renewable energy company, has announced an investment in Carbon Motors Corporation, a new American automaker developing a specially-built law enforcement vehicle featuring a clean diesel engine that can run on biodiesel fuel.
Carbon Motors, based in Atlanta, Georgia plans to build the vehicle using a global partnership and supply network that includes a world-class automaker, as well as Lotus Engineering in the UK, along with product input from hundreds of law enforcement officers and officials across the United States.
Xethanol joins in the Carbon Motors investment with the Advanced Technology Development Center Seed Fund in Atlanta, and the Ariel Savannah Angel Partners LLC. Terms of the investment were not released.
Xethanol CEO and President David Ames commented, “Xethanol is targeting the fast-moving alternate energy world and delivering on its strategy focused on renewable energy. The Carbon Motors engine can run on biodiesel and shows a 40% fuel savings over current vehicles. It provides Xethanol an important opportunity in understanding the future of the biofuel marketplace.”
Xethanol is focusing on renewable energy and clean technology, including biomass gasification for electricity production, wind power, solar power, energy storage, energy infrastructure, energy efficiency, waste recycling and agricultural processes.
Xethanol’s portfolio contains a number of patents and research agreements, including several aimed at efficient production of cellulosic ethanol. The company is working with some of the nation’s leading scientific institutions, including the National Renewable Energy Lab in Golden, Colorado; Virginia Tech in Blacksburg, Virginia; the USDA Forest Products Lab in Madison, Wisconsin; and the Energy and Environmental Research Lab in Grand Forks, North Dakota.