Concord and Cool Planet to form JV

Concord Energy, a Singapore-based crude oil and refined petroleum product trading company, and technology supplier Cool Planet Energy Systems have signed an agreement to establish a joint venture in the Asia Pacific region.

The new JV company will develop commercial facilities that will produce biofuels and biochar from non-food biomass.

Concord Energy is an investor in Cool Planet, joining others such as BP, Google Ventures, Energy Technology Ventures and the Constellation division of Exelon.