Cowboy Clean Fuels Announces Funding To Support Commercialization of Technology and Build Out of Initial Project in Wyoming
Cowboy Clean Fuels, am energy technology company formed to simultaneously, permanently sequester carbon dioxide removed from the atmosphere and produce carbon-negative, renewable natural gas from readily available agricultural byproducts, announced that it has been awarded approximately $7.8 million from the Wyoming Energy Authority through the Energy Matching Funds program.
In addition, CCF's lead investor, Machan Investments, committed an additional $7.8 million in equity capital to match and enable the WEA funding. The WEA funds and the investor funds from Machan, totaling approximately $15.6 million, will support the commercialization of CCF's technology and the build-out of its first commercial project in Wyoming, the Triangle Unit Renewable Energy and Carbon Capture and Storage project. After receiving a Class V Underground Injection Control permit from the Wyoming Department of Environmental Quality in late 2023, the TRECCS project is permitted and ready to sequester CO2 and produce RNG at commercial volumes.