News International Sugar Journal

Biofuel start up Mascoma ends IPO plans [Registered]

Biofuels startup Mascoma, one of the leaders in developing consolidated bioprocessing technology for cellulosic ethanol production, recently withdrew its registration for a $100 million initial public offering due to market conditions, according to an application filed with the US Securities and Exchange Commission. This means Mascoma will have to look elsewhere for funding to build two plants in Michigan (USA) and Alberta (Canada) to convert lignocellulosic feedstock into ethanol and expand sales within the corn-based ethanol industry. The company is backed by the billionaire Vinod Khosla as well as securing investments from US oil refiners Valero and Marathon Oil. Mascoma’s…

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