Cellulosic Ethanol: In Search of the Perfect Match
Several startups in the race to bring next-generation ethanol to market last week got shots of the financial world’s version of performance-enhancing drugs.
Cambridge, Massachusetts-based Mascoma, a cellulosic ethanol maker, raised $50 million in a third round of venture funding. And the U.S. Department of Energy announced its plans to invest more than $30 million in four other companies working on cellulosic ethanol.
These are just five of the dozens of companies working on a replacement for today’s corn or sugarcane-based ethanol. It’s a packed party, and with no clear leader in the field, the company to get to market first will have a significant advantage.
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