$2 or higher gas - Can ethanol make a comeback? Message Board

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Non-Tech : $2 or higher gas - Can ethanol make a comeback?

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Dec 23 3:59 PM EST

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From: richardred	8/15/2007 1:15:23 PM
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Cellulose-to-ethanol startup takes first VC round Mass High Tech: The Journal of New England Technology - 10:00 AM EDT Wednesday, August 15, 2007 An Amherst-based biofuels startup has won its first round of institutional funding to develop a natural bacteria capable of converting cellulose into ethanol. SunEthanol Inc.'s technology, which is designed to turn biomass such as switchgrass or wood pulp into ethanol, is licensed from the University of Massachusetts, according to company officials. While the company did not disclose the amount of its Series A round of funding, the list of SunEthanol's investors includes Waltham-based Battery Ventures and Hadley-based Long River Ventures. SunEthanol also received investment from South Dakota-based renewable energy company VeraSun Energy. The University of Massachusetts reported more than $25 million in technology licensing revenue in 2006, and UMass Amherst was awarded $115.9 million in research funding in 2006. bizjournals.com

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