Biofuel action: Range Fuels breaks ground, Innovation Fuels gets investment, Codexis extends Shell collaboration
Three significant developments today in alternative fuels:
–Range Fuels broke ground on one of the first cellulosic ethanol plants;
–Innovation Fuels took $15.5 million for a New Jersey biodiesel facility; and
–Codexis and Royal Dutch Shell decided to extend their research collaboration for another five years.
We reported in March on a $76 million Federal government grant that Range won preliminary approval for. That grant was part of a $385 million package set aside for six companies.
The Fed has… Continue Reading