Saturday, December 6, 2008

Blackstone Gets Into Clean Tech

BURLINGAME, Calif.--Amid the uncertainty of the financial markets, private equity giant Blackstone Group is getting into clean tech. Its first investment: Coskata, an Illinois start-up that says it can make next-generation ethanol from non-food sources for approximately $1 a gallon.
Coskata, which announced the investment Friday, did not disclose how much it raised in its third round of financing, but the company is said to have raised $40 million from Blackstone and other investors.