Goldman Sachs & Co. Invested C$30 Million With Iogen Corporation

The buzz this week in the promising but elusive field of cellulosic ethanol, came in the form of a major Wall Street firm acquiring an equity position with a Canadian company hopeful for commercial success. The funds will be used to accelerate Iogen's commercialization of cellulose ethanol technology. Goldman Sachs' investment gives it a minority stake in Iogen, the only company to be operating a demonstration facility that converts agriculture materials like straw, corn stalks, and switchgrass to ethanol. Read more

Labels: Cellulosic-Investment

posted by Geetha @ 12:01 AM