Cellulosic Ethanol Refinery Proposal Loses Major Partner
Cellulosic Ethanol Refinery Proposal Loses Major Partner
- by Warren Johnston, August 11, 2013. Source: Valley News
[For more information on this facility please read "Cellulosic Ethanol: A Bio-Fool's Errand"]
Mascoma Corp., the Lebanon-based developer of cutting-edge biofuels technology, has lost its major partner in a proposed $233 million ethanol plant in Michigan.
Although Mascoma did not confirm the departure of the Texas-based energy giant Valero Energy Corp. and its promised $50 million investment, the company did say in an emailed statement Friday that a funding partner is being sought to build the Kinross, Mich., facility and another plant in Alberta, Canada.