Issue Date: October 1, 2007
Dow Invests In Gasification Firm
Dow Chemical and Citi Alternative Investments were the leaders in a recent $100 million round of financing for GreatPoint Energy. GreatPoint calls itself the leading developer of catalytic gasification technology for converting coal, petroleum coke, and biomass into natural gas. James H. Plonka, vice president of Dow Venture Capital, says GreatPoint's technology has the potential to help Dow diversify its supply of feedstocks and energy. GreatPoint intends to use the funds to build a large-scale demonstration facility.
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