In Massachusetts, the Department of Energy and the state of Michigan announced they they will provide $49.5 million towards a proposed woodchip based cellulosic ethanol production plant in Kinross, Michigan. The Department of Energy will provide $26.0 million in funding, and the state of Michigan will add $23.5 million. The proposed facility will produce 40 Mgy and is supported by General Motors and Marathon OIl, which are investors in Mascoma. Michigan State and Michigan Tech Universities will partner with the project to tailor Mascoma’s technology and supply chain options for the specific Michigan feedstocks used in production.
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50 Hottest Companies in Bioenergy candidate profile: MascomaMascoma
Based in: Massachusetts
2008-09 ranking: #8
Business: Mascoma was founded in 2005 with initial funding from Khosla Ventures and Flagship Ventures in early 2006. A Series B round of fund...
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