Joint venture for cellulosic ethanol production

December 16, 2011
Dec. 16, 2011, Kinross, MI - Mascoma Corporation announced an agreement with Valero Energy Corporation to develop and operate a unique 20 million gallon per year commercial-scale cellulosic ethanol facility.

According to TheBioenergySite, the facility is expected to cost approximately $232 million, but will allow expansion to the plant generating 40 million gallons of cellulosic ethanol per year. Construction is set to begin within the first quarter of 2012 with completion by end-of-year 2013.

The Kinross facility will use Mascoma’s proprietary consolidated bioprocessing (CBP) technology platform to convert hardwood pulpwood into ethanol. Hardwood pulpwood is a selectively harvested, naturally regenerated feedstock and is an underutilised, abundant resource in the surrounding area.

“Valero’s substantial financial commitment to the Kinross facility demonstrates Mascoma’s technology leadership, as well as our ability to attract the significant investment that has posed a key challenge to advanced biofuels production in this country,” stated Bill Brady, President and CEO of Mascoma. “Our partnership with Valero to develop and operate the Kinross cellulosic ethanol facility, and facilities beyond Kinross, is a major step forward in our goal to provide a low-cost, more sustainable alternative to petroleum-based products.”

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