News International Sugar Journal

Acquisition of LS9 by Renewable Energy Group will see focus shifting from biofuels to biochemicals [Registered]

Renewable Energy Group (REG) recently announced the acquisition of the biotech start-up LS9 for U$40 million in cash and stock, with an additional $21.5 million promised if technology and production milestones are met. Under the terms of agreement, most of the LS9 team (about 30-35), including the entire R&D leadership group, will join the newly named REG Life Sciences, LLC, which will operate out of LS9′s headquarters in South San Francisco, California. LS9 was launched in 2005 with great to ambition to produce drop-in hydrocarbon fuel such as diesel from sugar via bioengineered microbes. But after nine years and investment…

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