ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

EdeniQ Raises $32 Million

by Melody M. Bomgardner
May 21, 2012 | APPEARED IN VOLUME 90, ISSUE 21

Cellulosic ethanol start-up EdeniQ has raised $23 million in equity from two rounds of venture funding and has obtained $9 million in debt financing. The company will use part of the money to equip ethanol plants with technology to make sugars from cellulose. In addition, EdeniQ will fund continued research at its pilot plant, where it is working on a process to make ethanol from crop waste, woody biomass, and energy crops such as switchgrass. Finally, the firm says the funds will help support a commercial scale-up development with a partner, expected to be announced in coming weeks.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment