Michigan Ups Mascoma Grant
Wade Roush10/8/08
By shifting a $26 million Department of Energy grant originally intended for a Tennessee biofuels plant to another project in the upper peninsula of Michigan, Cambridge-MA based Mascoma has persuaded the state to pony up an additional $8.5 million in grants, according to company announcement yesterday. The State of Michigan has now committed $23.5 million for the $250 million plant, where Mascoma plans convert high-cellulose material such as wood chips into ethanol.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
