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Valero invests in Michigan cellulosic ethanol plant
Source : domesticfuel.com
Energy company Valero Energy Corporation will invest up to $50 million dollars into one of the world's first commercial scale wood-based cellulosic ethanol biorefineries to be started later this year in Kinross Charter Township, Michigan. This press release from biofuels company Mascoma Corporation says the deal through Mascoma's operating subsidiary, Frontier Renewable Resources LLC, with Valero, the nation's largest independent oil refiner, is a sign of just how viable cellulosic ethanol is and will help commercialize the green fuel: As further support of the project, Valero would provide project development and construction oversight services. The biorefinery is planned to have an annual production of 40 million gallons of low-carbon cellulosic ethanol, to be covered by the off-take arrangement with Valero.
read more ...
17 January 2011 |
Economy ::
Bioethanol ::
United States & Canada
The information in this section is subject to a disclaimer.
Articles on the topic of bioethanol (231 articles)
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