in Conservation, Energy, Technology, Transportation

Mo Money, Mo Mileage

by John-Paul Maxfield October 21, 2008, 3:21 PM 6 Comments

Advantage Capital Partners, a venture capital and small business finance firm, has made an investment in SOMS Technologies LLC, the manufacturer of the microGreen vehicle engine oil filter. The microGreen filter utilizes a patented filter technology designed to keep engine oil cleaner, extending the oil life up to 30,000 miles. Advantage’s investment will be used to support the company’s continued growth.

Technologies of this nature our essential for easing the transition away from fossil fuels, as they reduce per car consumption. By continuously filtering a small portion of the engine oil through the microfilter system, the filter allows a vehicle to operate up to 30,000 miles without changing the engine oil. This system reduces oil use by 70 percent and filter use by 50 percent, providing end users with potential economic and environmental value.

Here’s how it works: when the vehicle is serviced, the oil is changed and the microGreen filter is installed. The filter is changed every other interval but the oil remains in the engine. For example, for vehicles with a 3,000 mile oil change interval, a new microGreen filter is installed every 6,000 miles but the oil is not changed until 24,000 miles (Per the chart above). In the end, the microGreen filter can achieve direct oil and filter change cost savings of over 65 percent and reduce use of oil by 70 percent for an average vehicle.

Conservation Energy Oil Transportation

Written by John-Paul Maxfield

John-Paul Maxfield is the founder of Waste Farmers. Waste Farmers is a next generation sustainable agricultural company focused on helping humanity meet current and future food demands, while decreasing agriculture’s environmental footprint. The Company started in 2009 with $9,000 and a belief that idealism and capitalism can coexist. Today Waste Farmers has evolved into an innovator respected by leaders in the global community for developing simple solutions to the complex problems of modern agriculture and food security. Prior to starting Waste Farmers, John-Paul founded the "The Inspired Economist", a blog focused on covering the people, places, ideas, and technologies inspiring positive change and redefining capitalism.
In addition, John-Paul served as an Associate a private equity group specializing in small to mid cap service companies. In this capacity he focused on planning, forecasting, budgeting, and performance evaluation of MBH and its designated subsidiaries. Prior to joining MBH, John-Paul was an Analyst with Alvarez and Marsal where he spent the majority of his time on a team that aided Louisiana’s Recovery School District with the restoration of public schools post Hurricanes Katrina and Rita.

John-Paul is active in the Colorado community, serving on the Board of the Rocky Mountain MS Center. In 2007 he was selected as one of the “Fifty for the Future” by the Colorado Statesman and is a graduate of the inaugural class of Impact Denver. John-Paul holds a BA from the University of Colorado.