ZeaChem announces $25M investment

ZeaChem announces $25M investment

ZeaChem completed construction on its demonstration biorefinery in Boardman and closed a $25 million Series C investment.

The refinery has the capacity to product 250,000 gallons per year of cellulosic ethanol. Company officials said the facility was built on budget and will begin production by the end of 2012.

The investment will fund ZeaChem's continued pursuit of commercial deployment of its technology which uses locally sourced biomass to produce acetic acid and ethyl acetate, building block chemicals used in the production of paints, lacquers and other consumer products. The funds will also support the company as it works toward building a commercial-scale version of the plant.

Read more at Sustainable Business Oregon.