News International Sugar Journal

ZeaChem raises $19 million for commercial scale production of cellulosic ethanol [Registered]

ZeaChem Inc. has raised $19 mln in a Series C funding round, led by Birchmere Ventures, to advance commercial scale cellulosic ethanol production at its demonstration biorefinery in Boardman, Oregon. The plant has been under construction since 2009 and is scheduled to come on stream in 2012. The maximum output will be about 250,000 gallons (1,136,000 litres) of cellulosic ethanol. In the latest financing round, follow on investment was provided by existing investors Firelake Capital, Globespan Capital Partners, Mohr Davidow Ventures, PrairieGold Venture Partners and Spring Ventures. In mid-October, a consortium around ZeaChem was awarded a $40 mln grant by…

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