Mascoma moves forward

By | January 12, 2009
Massachusetts-based Mascoma Corp. will meet all set targets for its cellulosic ethanol projects despite recent staff downsizing, according to Chief Executive Officer Bruce Jamerson.

These include the start-up of its 30 MMgy demonstration plant in Rome, N.Y., which Jamerson said is nearly complete, and construction of a 40 MMgy commercial-scale facility in Kinross township, Mich. Mascoma recently released five to 10 people, including Vice President Colin South. However, Jamerson said Mascoma's financial resources are secure and the company won't need to raise money in 2009. "As far as science milestones in the lab go, we are ahead of schedule," he added.