Qteros joins Praj and bags $22mCellulosic ethanol developer Qteros partnered with Praj Industries to accelerate commercialization of low-cost cellulosic ethanol. The companies plan to retrofit Praj's existing pilot plant in Pune, India with Qteros' technology plantform, which will become the foundation for accelerated production scaling. In another news, Qteros closed a $22m series C financing, which is expected to find the company's development and commercialization plans.
Virent and HCL gets grantVirent Energy Systems and HCL Clean Tech have been awarded a $900,000 grant from BIRD Energy, a program for US-Israel joint renewable energy development. The project combines HCL's lignocellulosic conversion technologies with Virent's Bioforming technology that converts plant sugars into hydrocarbon molecules.