Fuel From Utility Poles: Cellulosic Ethanol Heats Up in Cool Economy
The Enerkem news is part of a steady stream of cellulosic-ethanol announcements that has flowed out this month. Among other things, the USDA on Friday said it had approved an $80 million loan guarantee for Range Fuels, an Enerkem competitor, while Verenium Corp. (NSDQ: VRNM), another cellulosic-ethanol company, announced plans to build a 36-million-gallon plant in Florida after it had “cranked up” its demonstration plant. Poet started up a pilot cellulosic-ethanol plant, and Ze-Gen and ZeaChem raised $20 million and $34 million, respectively.
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