Friday, 29 August 2014
Last updated 2 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...