Follow the Clean Tech Money: DOE Makes Conditional Loan Guarantee of $105 Million to POET, OPX Biotech Raising $45 Million, Aptera Raises $2.5 Million
Green Career Central
JULY 18, 2011
OPX Biotechnologies is raising $45 million in equity to further develop biofuel and bio-acrylic production. The Department of Energy has made a conditional loan guarantee for $105 million to Project Liberty, sponsored by POET, LLC, for the development of a commercial-scale cellulosic ethanol plant to be built in Iowa. When completed the facility will produce up to 25 million gallons of ethanol per year that will be made from corn cobs, leaves and husks, rather than feed grains.