GM invests in second ethanol start-up
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It was announced on Thursday that the company has invested in a second ethanol company called Mascoma, based in Cambridge, Massachusetts. The company develops a biochemical approach to converting wood chips and agricultrual wastes into ethanol. GM’s first investment was a stake in Coskata, a cellulosic ethanol company.
The company creates a specialty microbes that breakdown non-food plant matter into sugars that are fermented into ethanol. Nice to see GM continue its push into alternative investments.
