Seattle Biodiesel Off and Running

[] Seattle Biodiesel closed a $2 million investment from strategic investors including Ignition Venture Partner and new Chairman and CEO Martin Tobias. The funding will be used to accelerate the growth in the company’s production of biodiesel, a non-petroleum based fuel made from vegetable oil or animal fat. Last month, Seattle Biodiesel sold its first gallon to Seaport Petroleum and current demand exceeds production levels. Tobias, who spent more than 15 years in operating roles in technology companies including CEO of Loudeye and six years at Microsoft, expects Seattle Biodiesel to turn profitable before the end of the year.
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