Last update: 09.07.2011
Biotech Deinove eyes U.S., Brazil ethanol
Source : forexyard.com
French green biotech firm Deinove, which hopes to use a 4 billion year old bacterium to develop the fuel of the future, is eyeing new projects in the United States and Brazil, its chief executive told Reuters. The company is in talks with a large U.S. ethanol maker and with Tereos Internacional, a Brazil-based unit of France's Tereos group, to develop a bioethanol based not only on food but also on a bacterium named deinococcus, discovered in a U.S. corned beef tin in 1956, Deinove CEO Jacques Biton said. Deinove, which has a market capitalisation of 43 million euros ($61 million), was also negotiating a project in Brazil based on paper pulp, Biton said, but he declined to give further details.
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5 April 2011 |
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