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Minneapolis Biomass Exchange

We facilitate biomass trades with transactional, settlement, delivery, and quality control services through our online, automated platform.

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Minneapolis, MN, USA
  • Currency USD
  • Founded July 2009
  • Employees 4
  • Website

Company Summary

The Minneapolis Biomass Exchange (MBioEX) provides an international, centralized marketplace for biomass suppliers and buyers to transact through the use of our standardized contracts, online transaction system, settlement services, and delivery & logistics services. In addition, MBioEX offers advanced quality testing and market information to its customers in order to develop a fungible biomass commodities market.


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    Kevin Triemstra

    I started MBioEX to greatly expedite transactions and settlement in the feed and renewable fuel industries.

    Past: Golder Associates (biomass supply chain, carbon valuation), & North Star Rail Intermodal (financial work).

    Before my MBA, I worked in software for 5 years with Raindance Communications after beginning my career at IBM.

    Degrees: BSE, computer engineering, University
    of Michigan and MBA degree,
    University of Min

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    Rajesh Aggarwal
    Acting CFO

    Rajesh is currently a Professor in Financial Markets at the University of Minnesota. Research includes corporate governance, optimal capital structure, initial public offerings, M & A, executive compensation, boards of directors, the economics of organizations, and stock market manipulation.

    Previous appointments at the University of Virginia, Michigan, Oxford, and Dartmouth.

    Degrees: BA, Economics, Yale and PhD, Business Economics, Harvar

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    Doug Cameron

    Doug Cameron is Co-President and Director at First Green Partners, a $355 million "Green" fund established with Warburg Pincus. Doug's expertise is in business, science and engineering in clean technology and sustainable agriculture.

    Former Positions: Chief Science Advisor and Managing Director in the cleantech investment banking group at Piper Jaffray, chief scientific officer at Khosla Ventures, various positions at Cargill.

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    David Kurzman

    David is Co-Portfolio Manager for the Leuthold Global Clean Technology Fund. Prior to joining the Leuthold team, David was Managing Partner of Kurzman CleanTech Research, a private research and consulting firm, which managed a pool of private capital for high-net worth investors.

    Other positions: Senior VP of Clean Technology Research Group for Panel Intelligence, Analyst for Needham & Co., H.C. Wainwright & Co., Value Line, and Weitz Funds.

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    Eric Kingsley

    Eric has thirteen years of professional experience consulting, leadership and research for
    renewable energy projects, forest industry issues and economics of natural resource-based
    industries. His practice is focused on biomass energy projects.

    Full bio here:

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    Luca Zullo

    Luca is founder of VerdeNero LLC, a biomass and biofuels consulting firm and a co-founder of BioCee, Inc. a firm devoted to commercializing a novel bio-coating technology developed at the University of Minnesota.

    Other positions: Technical director at Cargill where Luca focused on second generation biofuels and bio-energy, especially "waste" to energy projects. Associate at Cray Research in the US and at Shell Research in The Netherlands.


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    Todd Taylor, Frederikson & Byron

Previous Investors

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    Rajesh Aggarwal - $50,000
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    David Kurzman - $15,000
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    Kevin Triemstra - Time & about $15,000 prior to start-up