Ethanol companies receive DOE funding

By | January 03, 2009
Following an award announcement made in February 2007, South Dakota-based ethanol producer Poet LLC received $3.7 million in Phase I funding in October to transform its 50 MMgy corn-based ethanol plant in Emmetsburg, Iowa, into an integrated corn- and cellulose-to-ethanol biorefinery. The DOE also announced that Poet's Phase II award funding, subject to annual appropriations, may be up to $76.3 million.

In the same month, the DOE awarded Danish enzyme producer Novozymes with a $12.3 million, 2.5-year contract to increase the efficiency of enzymes necessary to produce cellulosic ethanol. This was the second DOE contract awarded to Novozymes, which will match the latest DOE funding dollar-for-dollar, bringing the total investment of the research project to $25 million.

Around the same time, Poet and Novozymes were named "promising alternative energy companies" in an article by Forbes magazine.
Mascoma Corp. also announced in October its receipt of $26 million from the DOE for a proposed 40 MMgy woodchip-to-ethanol plant in Kinross, Mich. It also received $23.5 million from the state of Michigan.