New Hampshire-based biofuels company Mascoma Corp. has entered into an agreement with energy giant Valero to build a plant that produces ethanol in Michigan’s Upper Peninsula using Mascoma’s proprietary technology.
Mascoma, of Lebanon, agreed to the deal with Texas-based Valero to build the $233 million plant in Kinross, Mich. It would produce millions of gallons of “second generation’’ ethanol.
Valley News of Lebanon ( http://bit.ly/tGpBoy) says the plant would be Mascoma’s first commercial-scale facility. It’s also a crucial step as Mascoma attempts to bring its plant-based ethanol to market.
