Mascoma Overview
By the turn of the millennium, Lee Lynd’s and Charles Wyman’s vision of harnessing renewable and sustainable biofuels with low environmental impact, proved prescient. Global environmental, financial and political considerations ensured a bright future for alternative energy in general and biofuels in particular. After nearly twenty years of research, the goal was within reach and ready for...More»
By the turn of the millennium, Lee Lynd’s and Charles Wyman’s vision of harnessing renewable and sustainable biofuels with low environmental impact, proved prescient. Global environmental, financial and political considerations ensured a bright future for alternative energy in general and biofuels in particular. After nearly twenty years of research, the goal was within reach and ready for commercialization. The concept for a biofuels company based on CBP production of cellulosic ethanol began on the back porch of Charles’s summer home on Lake Mascoma during the summer of 2005. Mascoma Corporation was founded by Wyman, Lynd and Bob Johnsen with initial funding from Khosla and Flagship Ventures.«Less
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 2006 | Series A | 4M | Unknown | |
| 2007 | Series B | 30M | Unknown | |
| 2008 | Series C | 50M | Unknown |
Products
| Name: | Cellulosic Ethanol 101 |
| Product URL: | http://www.mascoma.com/technology/technology.html |
| Description: | In the current economic and political climate, there has been enormous attention focused on the need to develop sustainable and renewable sources of transportation fuel. Ethanol has a significant and growing role in this development, providing a cleaner, domestically-produced, renewable energy solution. However, the current generation of ethanol production in the U.S. utilizes corn and other edible feedstocks. Mascoma is committed to developing sustainable, viable, next generation ethanol from cellulosic feedstocks. Mascoma’s industry leading R&D team is focused on developing biofuels from non-food biomass wood, straws, fuel energy crops, paper pulp and other agricultural waste products. Processing ethanol from cellulosic biomass minimizes the environmental impact of fuel ethanol production. In nature, no organism is capable of quickly and cost-effectively producing and fermenting sugars from cellulosic biomass. Mascoma’s research laboratories are now developing a new generation of microbes and processes for economical conversion of cellulosic feedstocks into ethanol. Mascoma’s organisms and processes are designed to: * Rapidly break down the components of biomass * Convert a range of sugars and polymers of sugars to ethanol * Thrive in a manufacturing environment With Mascoma’s next generation of processing solutions comes a complete rethinking of the way in which we fuel our economy. |
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09/18/2009 12:38AM by limguine
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