We are pleased to announce that Blue Marble Energy has closed its Series A financing round. Mr. Rajiv Raja is now our lead investor and our newest Board member, and we welcome him to the Blue Marble Energy team.
With the current economic nosedive, funding has been incredibly tight and our success in this round says a great deal about how the marketplace regards BME. It is a testament to the economic viability of BME’s business model, and the feasibility of producing biomaterials and renewable energy from waste resources.
We are currently finishing the build-out of our pilot facility in the Fremont area of Seattle. With the Series A funding, we will continue to pioneer the technologies of waste biomass to clean, useful energy and biomaterials. We will begin production of our target biochemicals for pilot programs in the next 6 to 9 months.
There are exciting developments taking place inside Blue Marble Energy’s lab, so stay tuned for updates by joining our mailing list.
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I am pleased to hear that the BME team continues to thrive! I extend my thanks to all who invest in the future of Green Energy.
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[...] Seattle’s Blue Marble Energy announced that it closed its Series A round of financing. The funds will allow it to complete a pilot facility in Settle to demonstrate its process of creating biofuels and biochemicals from blue-green algae within 6 to 9 months. [...]