Red Rock Biofuels announces strategic partnership with Flagship Ventures

March 17, 2015 |

In Colorado, Red Rock Biofuels LLC unveiled a strategic partnership with Flagship Ventures that sets the stage for the construction of its first commercial scale refinery in Lakeview, OR. As part of this partnership, Flagship Ventures, a leading venture capital and venture creation firm focused on innovations in healthcare and sustainability, will invest in Red Rock, assume a seat on the Board of Directors and serve as a strategic advisor for future fundraising efforts.

Flagship will provide financial and strategic expertise as Red Rock moves toward construction of a commercial-scale refinery and secures additional partnerships, funding and customers. Flagship partner Brian Baynes, Ph.D., led the investment and will join Red Rock’s board of directors. By combining Flagship’s world-class industry knowledge and strategic reach with Red Rock’s leading technology and operational depth to deliver domestically produced renewable fuel from woody biomass, the company is poised for significant growth in this rapidly expanding market.

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