Tuesday, 5 May 2015
Last updated 1 hour ago
Feb 2 2009 | 9:02am ET
ZeaChem Inc., a Colorado-based developer of biorefineries for the conversion of biomass into fuels and chemicals, has raised $34 million in initial Series B financing for the construction of its first cellulosic biorefinery.
The funding round was co-led by venture capital investors Globespan Capital Partners and PrairieGold Venture Partners with follow-on investment by MDV-Mohr Davidow Ventures, Firelake Capital and Valero Energy Corporation, the largest petroleum refiner in the United States.
ZeaChem is developing a cellulose-based green fuels and chemicals biorefinery platform that converts renewable non-food biomass into market-competitive products such as ethanol.
“ZeaChem has made tremendous progress over the past year towards commercializing its hybrid cellulosic ethanol technology,” said James Imbler, ZeaChem president and chief executive officer. “Securing such funding in a challenging economy – from industry leaders in both energy and venture capital – is testament to the value of ZeaChem's third-generation cellulosic ethanol platform.”
ZeaChem will begin construction of its first plant in 2009.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…