Eco-friendly new fund to help 13 companies
Published: Tue, Jul. 01, 2008 12:30AM
Modified Tue, Jul. 01, 2008 12:42AM
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closeDURHAM -- Thirteen companies will split $1 million from a new state fund intended to help businesses create environmentally friendly technologies.
Lt. Gov. Bev Perdue, the Democratic nominee for governor, proposed legislation for the fund last year.
Eighty-five companies submitted applications seeking almost $7 million. Six local companies were among the recipients and received $410,319. They were:
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* Ecocurrent of Raleigh received $100,000 to convert hog manure into electric power.
* Kyma Technologies of Raleigh received $60,000 to work with N.C. State University on a more efficient, cheaper electric switch.
* 3F LLC of Raleigh received $100,000 to develop a natural fiber-reinforced concrete formula.
* Piedmont Biofuels of Pittsboro received $75,000 to work on a reactor that more efficiently creates biodiesel.
* Nextreme Thermal Solutions of Durham received $57,319 to manufacture a generator that converts waste heat into electricity.
* Rain Water Solutions of Raleigh received $18,000 to develop a new rain barrel manufacturing process.
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