19 Dec '11, 7pm

Coskata Swings for Biofuel Fences With $100 Million IPO: Another hot biofuel IPO has been announced: Coskata h...

Coskata Swings for Biofuel Fences With $100 Million IPO: Another hot biofuel IPO has been announced: Coskata h...

Another hot biofuel IPO has been announced: Coskata has filed with the SEC to raise up to $100 million, following Fulcrum's $115 million filing in September. The Warrenville, Illinois-based Coskata is the latest entrant in the race to produce cellulosic ethanol at industrial levels. According to its filing, Coskata's business plan focuses on utilizing low-cost feedstocks, like woody biomass and municipal waste, using a hybrid biothermal process to break down cellulose that Coskata claims produces extremely high yields. Central to Coskata's potential is the company's technology platform. So far we've mostly seen biofuel companies trying to crack cellulose with either biochemical or thermochemical processes. As referenced in Coskata's S-1 , research firm Sandia has projected biochemical and thermochemical conversion to be 55 and 74 gallons of ethanol per bone-dry ton of feed...

Full article: http://www.greentechmedia.com/articles/read/coskata-swing...

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