Joule Unlimited

Joule Unlimited, Inc. focuses on developing technology platforms to produce low carbon transportation fuels from waste carbon dioxide. By leveraging solar energy, the company reverses combustion processes to convert CO2 into renewable fuels, including ethanol and hydrocarbons suitable for diesel, jet fuel, and gasoline. Its notable products include Sunflow-E, a solar-derived ethanol, and Sunflow-D, a solar-derived diesel. Joule Unlimited operates production facilities in Hobbs, New Mexico, and has a presence in several regions, including the United States, Europe, Australia, Mexico, and China. The company, originally founded as Joule Biotechnologies in 2007, rebranded in 2010 and maintains its headquarters in Bedford, Massachusetts, with additional locations in The Hague, Netherlands. A strategic partnership with Audi underscores its commitment to advancing sustainable fuel technologies.

Troy Campione Ph.D

Senior Vice President, Corporate Development

1 past transactions

Red Rock Biofuels

Acquisition in 2015
Red Rock Biofuels develops processing plants that convert woody biomass into renewable diesel and jet fuels, aiming to address climate change and improve forest health. Each facility is designed to process 175,000 dry tons of woody biomass annually, producing approximately 16 million gallons of finished fuels. The company's proprietary technology involves gasifying woody biomass to generate synthesis gas, which is then cleaned and transformed into liquid hydrocarbons through a Fischer-Tropsch unit. This process is followed by hydroprocessing to refine the hydrocarbons into jet, diesel, and naphtha fuels. By utilizing waste wood biomass, Red Rock Biofuels enables airlines and transportation companies to lower their carbon footprints while promoting sustainable forestry practices. Founded by Jeff Manternach and Terry Kulesa, the company is based in Colorado, United States.
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