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 Management, Noble Group, RAB Capital, Presnow Limited , Diverso Management, and Libra Advisors.

The company’s second generation technology for cellulosic ethanol production can be applied in retrofit to existing corn ethanol plant, increasing yields by 10% to 15%, or applied to new-build, ‘non-food’ biofuel facilities.

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