Primafuel named 2008 World Economic Forum Technlogoy Pioneer

California-based Primafuel, a biofuels technology and infrastructure innovator, was named 2008 Technology Pioneer by the World Economic Forum (WEF). WEF Technology Pioneer awards are given to companies developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology&health, and IT. The Technology Pioneer award recognized Primafuel’s next-generation biofuels technologies, including aquaculture feedstock and appropriate-scale processing equipment. Primafuel’s goal is to improve the economic and environmental performance of today’s biofuels.

With the company’s patent-pending technology platforms, there will be a quicker transition to multi-product bio-refineries.

“What makes Primafuel different is our perspective of the entire fuel supply-chain,” says Primafuel CEO Richard Woods. “We’ve developed a portfolio of solutions to improve the sustainability of today’s ethanol and biodiesel industries, while at the same time innovating revolutionary feedstock technologies and next generation processing equipment.”

Technology Pioneers were nominated by the world’s leading technology experts, including venture capitalists, technology companies, academics and media. Technology Pioneers 2008 are invited to participate in the Davos World Economic Forum Annual Meeting 2008, from 23-27 January and in the Annual Meeting of the New Champions in Tianjin, China from 25-27 September 2008. The entire list of Technology Pioneers and interviews with the CEOs of the selected companies can be found here: weforum.org/techpioneers/2008.

“This year the WEF received a record number of applications from companies around the world to become a Technology Pioneer. From a highly competitive field, we are extremely pleased to have a community that is using innovation and technology to dramatically affect the way society and business operate and doing so in a markedly collaborative manner. We are excited to welcome the Technology Pioneers of 2008 to the larger community of the WEF and we are looking forward to the fruits that their collaboration will bring,” said Peter Torreele, Managing Director of the WEF.

About Primafuel. Primafuel actively deploys energy solutions based on a continually advancing portfolio of infrastructure projects and technology platforms. Primfuel's solutions aim at improving the economic, environmental, and social sustainability of low-carbon fuels. Primafuel is a privately-held California corporation with technology development facilities in California and Europe, financial headquarters in New York, and business development offices in Asia.