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Mascoma Inks Biofuels Deal with Chevron Technology Ventures

Lebanon, NH-based Mascoma announced today that it has entered into a two-year biofuels processing and supply deal with Chevron Technology Ventures. Under the agreement, the terms of which were not disclosed, CTV will supply feedstock that Mascoma will convert to cellulosic ethanol. A byproduct of that conversion is energy-rich lignin, which Mascoma will then provide to CTV, a division of energy giant Chevron USA, to evaluate whether it can be turned into transportation fuel.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.

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