Purdue Research Park-based company gets DOE funding

In Indiana, a Purdue Research Park-based company whose one-step, patent-pending technology could improve the efficiency of alternative fuel production has received funding from the U.S. Department of Energy. Spero Energy Inc. has received a nine-month SBIR Phase I grant from the Department of Energy worth $149,882. Its technology is based on Purdue University intellectual property developed under the DOE-funded Center for Direct Catalytic Conversion of Biomass to Fuels. Basudeb Saha, chief technology officer, said Spero Energy’s technology could benefit firms that produce cellulosic ethanol.