Grosse Pointe - Clean Emission Fluids clears $100,000 in venture capital

metromode, 5/7/2009

Clean Emission Fluids doesn't have to worry about washing its latest investment of $100,000. The venture capital comes straight from Automation Alley.

The Grosse Pointe start-up received the funds to help develop its FAST (Fluids Affordably STored) biofuel and clean diesel system. The new technology helps blend a variety of biofuels to make the right combination of bio-diesel for the right truck when it pulls up. Most other fuel pumps don't have this blending ability.

Clean Emission Fluids installed its first such pump on the NextEnergy campus at Detroit's TechTown business incubator early last year. The pumps are turn-key usable with prices starting at just under $20,000 each. The company formed in 2007 and employs a handful of people.

The Michigan Economic Development Corporation recently gave Automation Alley $1.5 million to invest in start-up technology-based companies across Southeast Michigan. This is one of the first two companies it has invested in. The other is Franklin-based Circle Builder.

Source: Automation Alley
Writer: Jon Zemke

Grosse Pointe