UMass Amherst Spinoff Raises $25 Million for Ethanol Breakthrough
Wednesday, November 19, 2008 - 05:35
in Earth & Climate
SunEthanol, a spinoff from the University of Massachusetts Amherst, has raised $25 million in Series B financing from a consortium of funders including BP and Soros Fund Management LLC, and is changing its name to Qteros. The new name refers to its breakthrough Q Microbe technology for producing sustainable liquid fuel from non-food plants and wastes.