Wednesday, 17 December 2014
Last updated 10 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.