Novozymes gets $12.3M for cellulosic ethanol enzymes
In many ways, commercial-scale cellulosic ethanol production still seems a long way off. It’s still marked by high costs and low efficiencies. But these limitations haven’t dissuaded prominent investors from taking the plunge, with VCs like Khosla Ventures pouring over $400 million into startups like Verenium, Mascoma, Range Fuels and Coskata in recent months.
Even the Department of Energy (DoE) has gotten into the game, granting a $12.3 million contract yesterday to Danish chemicals company Novozymes,… Continue Reading