IC Green Energy
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Investment vehicle for the alternative energy market.
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- Primus Green Energy
Led · Equity · Mar 2012
Primus Green Energy has developed a scalable proprietary process to convert biomass and/or natural gas into liquid transportation fuels (gasoline, diesel, jet fuel) and specialty chemicals (xylene, toluene). The company operates a pilot test plant and is constructing an integrated single-loop demonstration plant at its Hillsborough, N.J. site. Management is led by chairman Dr. Yom-Tov Samia. Primus plans to complete its first commercial plant in early 2013. Financially, the company completed a $12M third funding round that completes financing for the demonstration plant. The investment was made by IC Green Energy Ltd., the renewable energy arm of Israel Corp. Ltd.