Also in the US, ZeaChem has made progress in recent months in the race for commercial-scale, by raising $34 million in Series B financing from Globespan Capital Partners, PrairieGold Venture Partners, MDV-Mohr Davidow Ventures, Firelake Capital and Valero Energy. ZeaChem is developing a cellulose-based green fuels and chemicals biorefinery platform that converts poplar biomass into ethanol.
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