California-based Primafuel was honored at the World Economic Forum meeting in Switzerland last week with a WEF Technology Pioneer Award.

The biofuels company received the award for its innovative approach to biofuels production and distribution infrastructure. The award recognizes Primafuel’s expertise across the entire fuel supply chain and its commitment to developing new, low-carbon biofuels.

Pictured are Eyal Gutentag, Chief Financial Officer (left) and Rahul Iyer, Chief Marketing Officer. Both of them are also co-founders of the company.

Primafuel was one of thirty-nine companies to receive WEF Technology Pioneer Awards. WEF Technology Pioneer awards were given to companies developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology, health, and IT.