August 20, 2008
Wednesday

     

GM Announces New Cellulosic Ethanol Partnership with Mascoma Corp.

Date: 05-05-2008
Type: news brief
Categories: Renewable/Alternative Energy / Socially Responsible Investing
Source: Gas 2.0
Organization:
Gas 2.0

General Motors announced today it would be entering into a strategic relationship with Mascoma Corp., a second-generation biofuel company with the technology to produce cellulosic ethanol from non-food sources via a single-step biochemical conversion.

The undisclosed equity share aims to contribute to joint research and development along with technology exchange, plant siting, and rapid commercialization of cellulosic ethanol technology and infrastructure. This is GM’s second investment in a cellulosic ethanol company, after announcing partnership with Coskata back in January.

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