Losonoco latest entrant into cellulosic ethanol, raises $5M
A Fort Lauderdale ethanol company, Losonoco, is planning to build four plants in Florida to produce 300 million gallons of ethanol annually from agricultural and yard waste.
Moreover, according to VentureWire (sub required) it has raised $5 million in initial funding in order to create this network, which includes bio-diesel, cellulosic ethanol and traditional ethanol refineries — to be built across the U.S. and Europe. It is also planning to raise $30 million. According to VentureWire:
Among… Continue Reading