Valero inherits hefty stake in ethanol producer Qteros
Oil and gas company Valero Energy has acquired an undisclosed stake in Qteros, maker of microbial ethanol, along with other assets divvied up from bankrupt ethanol producer VeraSun Energy. It also assumed ownership of seven of the company’s plants — 780 megawatts in all — and rights to build another for $477 million.
Formerly called SunEthanol, Qteros specializes in converting biomass into cellulosic ethanol. It has received $2 million from the government for a pilot plant… Continue Reading
Qteros readies for near-term cellulosic ethanol production
A technology that might offer some respite to first-generation ethanol makers like Verasun and Pacific Ethanol has received a significant $25 million from backers including oil giant BP and George Soros’s investment fund. The company in question is Qteros, formerly called SunEthanol, a little-known startup placing big bets on a plucky microbe.
Qteros is one of a large group of companies trying to engineer a microorganism to cheaply break down woody matter, including everything from corn… Continue Reading
Tibco to buy business intelligence software co., Spotfire, for $195M
Tibco, a Palo Alto, Calif. software company, said it has agreed to buy business intelligence software company Spotfire, of Somerville, Mass. for about $195 million in cash.
Tibco said its own software, which gives companies a way to manage their data infrastructure in “real time,” would be complimented by Spotfire’s business intelligence offering. It is the latest in a string of acquisitions of business intelligence companies.
See the Tibco’s statement about the acquisition and other info pages… Continue Reading