TITLE

ZeaChem Nabs $34M

AUTHOR(S)
Lee, Michael
PUB. DATE
January 2009
SOURCE
Red Herring;1/8/2009, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a $34 million second round of funding announced by cellulosic ethanol company ZeaChem co-led by Globespan Capital Partners, Praire Gold Venture Partners. The funding will go toward the construction of a cellulosic ethanol biorefinery. The company utilizes a hybrid method to convert biomass into cellulosic ethanol. It first runs a fermentation process with acetogen, a bacterium found in termites that eats up most biomass and produces no carbon dioxide (CO2). ZeaChem runs a parallel gasification process on the chemical lignin.
ACCESSION #
36602861

 

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