Message Font: Serif | Sans-Serif
No. of Recommendations: 1

Lanza Tech is to buy the bankrupt Range Fuels cellulosic ethanol plant (that never produced product) after tens of million invested including govt loan guarantees, and DOE grant money, and funds from venture capitalist Vinod Khosla.

The plant was acquired for $5.1M, far below its $40MM cost. Lanza acquired it for its location and will probably use alternative technology after evaluating potential of the equipment installed. Microbial conversion of syn gas to produce ethanol and 2,3-butandiol is the likely goal.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.