A123Systems’ Prismatic Cell Lineup: Up to 5,300 W/kg in High Power Cell, 20 Ah Cell for PHEVs
LS9 and Procter & Gamble Form Sustainable Chemicals Partnership

Valero Has Become a “Significant” Investor in Cellulosic Ethanol Company Qteros

Qteros, a Massachusetts startup (formerly SunEthanol) commercializing consolidated bio-processing (CBP) technology based on the “Q Microbe” (Clostridium phytofermentans),  announced that Valero Energy Corp. has become a significant investor. Valero has established its investment in Qteros through its acquisition of certain assets of Verasun Energy. (Earlier post.)

First discovered in Western Massachusetts by Qteros Founder and Chief Scientist Dr. Susan Leschine, the Q Microbe has the ability to transform virtually any cellulosic material into ethanol in a single step, avoiding the usual two-step process in which expensive enzymes are used to break down the biomass before it can be fermented.

Over the past year and a half, the company has received four grants from the US Department of Energy for technological development. The Qteros lab team has already achieved a 15-fold productivity increase in its cellulosic ethanol technology.

Qteros recently announced that it has received $2 million in US government appropriations towards a pilot plant for its C3 (Complete Cellulosic Conversion) technology it plans to open this summer. The company has also received funding from Venrock, Battery Ventures, BP, and Soros Fund Management.

Comments

SJC

"..received $2 million in US government appropriations towards a pilot plant.."

This is not much towards a pilot plant. If they have enough investors then they should pay. I am for helping the great new companies that the capitalists have over looked, who can do some good work for everyone.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)