GreatPoint raises $100 million
September 24, 2007 10:51 AM
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GreatPoint Energy Inc. announced today the final closing of a $100 million strategic equity round.
The Cambridge-based company is a developer of catalytic gasification technology to convert coal, petroleum coke, and biomass into clean natural gas.
One of the co-leaders of the round was Sustainable Development Investments, a unit of Citigroup Inc.'s Citi Alternative Investments, GreatPoint Energy said.
The other co-leader was the Dow Chemical Co., GreatPoint Energy said.
(By Chris Reidy, Globe staff)
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