Cellulosic ethanol leader KL Energy closes $4 million equity round, appoints new CEO

In South Dakota, cellulosic ethanol leader KL Energy closed a $4 million equity financing round with their current investors, Niton Capital Investment, Green Fund, Warcoing Sucre, and Pierre de Boeck. Just prior to closing, Randy Kramer was succeed by as CEO by Steve Corcoran. Corcoran had previously served as VP, Corporate Operations and has worked at KL since 2002, initially as a consultative role before joining the company full-time in 2006.

Here’s the 8-K on the private placement.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Range Fuels closes $130 million equity round to fund commercial-scale cellulosic ethanol plant

In Colorado, Range Fuels closed a $130 round of equity funding for its cellulosic ethanol production using a thermochemical process acting on wood waste. The funds will be used for construction of its...

Cellulosic ethanol pioneer TMO Renewables closes $18 million financing round, readies for US market entry

In the UK, TMO Renewables announced that it has completed an $18 million financing round in support of its entry into the US market. The company received support in this round from Jupiter Asset Manag...

Idaho cellulosic ethanol plant proposal moves to next round

In Idaho, Biorefinery Partners had advanced to a second round with the Department of Energy loan guarantee program for cellulosic ethanol production. The Shelley, Idaho plant would produce 18 Mgy of e...

Wisconsin biofueler closes $21 million in second round funding

Virent Energy Systems announced the closing of a $21 million second round of venture financing, led by Stark Investments and Venture Investors. Investor interest in Virent is driven in large part b...

Sun Ethanol changes name to Qteros, closes $25 million in Series B funding from Rockefellers, Soros, Battery Ventures, others

In Massachusetts, SunEthanol announced that it was changing its name to Qteros and that it had closed a $25 million Series B round of financing, led by venture capital firms Venrock (the Rockefeller f...

Amyris Technolgies closes $70 million in second-round financing to pursue new biofuel conversion technologies

In California, Amyris Biotechnologies has closed the first tranche of its $70 million Series B funding led by DAG Ventures and joined by Khosla Ventures, Kleiner Perkins Caufiled & Byers and TPG Ventu...