March 25, 2010

Renewable Fuels Technology (RFT), which converts waste biomass into a high performance fuel that replaces coal, completed development of a demonstration BioCoal processor and closed a round of seed financing.   RFT is preparing for a commercial test burn with GWF Energy and is in negotiations for pilot projects in California and Nevada.

For more information about RFT contact  m.shulenberger@renewablefueltech.com 

This funding marks the eighth funding for an Astia client since January 1, 2010. In this same period, Astia life science client, DNA Direct was acquired by Medco Health Solutions.