Ag Ventures Alliance, Cellulose Sciences International create JV Stover Ventures

April 6, 2015 |

In Iowa, Ag Ventures Alliance Cooperative (AgVA) and Cellulose Sciences International (CSI) of Wisconsin completed a financing agreement resulting in the formation of a new joint venture, Stover Ventures, LLC.  Stover Ventures will commercialize CSI’s patented biomass treatment process for producing highly digestible feed products and high value specialty chemicals from agricultural residues.  The process offers both economic and practical benefits for corn growers and dairy and beef producers.

AgVA has committed $275,000 of seed funds to launch the venture, with another $225,000 available if feed trials remain positive.  CSI is providing an exclusive license of the patent and technical expertise.  Brad Saeger, an ag business developer based in Willmar, Minn., has been retained to lead the development effort for the new company.  Stover Ventures will begin pilot-scale production and dairy feeding trials early this year, with commercial-scale facilities scheduled to begin production in 2017.

More on the story.

Category: Fuels

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