CMB Exchange LLC (dba American Oil Solutions), a Bridgeport, Connecticut-based green technology company, raised $150k from Connecticut Innovations (CI).
The investment was made by CI’s Pre-Seed Fund.
American Oil Solutions recycles used hydrocarbon products such as tires into oil and other products through a closed-loop pollution-free process. According to wa written note, the company is starting with tires as a feedstock because of the availability of supply and because tires provide multiple products and revenue streams.
FinSMEs
07/09/2013