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US: Valero to invest in Mascoma for cellulosic ethanol
Source : biofuels-news.com
In the US petroleum refiner and marketer Valero Energy Corporation has signed a letter of intent that could see it invest up to $50 million (€37 million) in innovative biofuels company, Lebanon, New Hampshire-based Mascoma Corporation. Together with Mascoma's operating subsidiary Frontier Renewable Resources, jointly owned with natural resource management company J.M. Longyear, Valero's investment will support the construction of Mascoma's commercial scale cellulosic ethanol production plant. The plant, planned for Kinross Charter Township in Michigan, will convert woody biomass into ethanol and is expected to enter the construction phase later this year. Valero will also enter into an off-take agreement for the project's ethanol production.
read more ...
24 January 2011 |
Information ::
Bioethanol ::
United States & Canada
The information in this section is subject to a disclaimer.
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