US states battle it out for biomass fuel project
The Colorado Economic Development Commission has dangled a multi-million dollar carrot in front of biomass company Cool Planet Energy Systems (CP) to try and entice it to the state.
CP, a California-based start-up, claims to have a petrol generating process via biomass and plant waste that does not need to rely on federal subsidies.
The CEDC hopes $3 million (€2.3 million) in tax credits will be enough to secure around 400 jobs the project will bring via corporate headquarters and a large-scale facility.
Texas is the other state believed to be in the running.