news
Please send us news about clean-technology companies, trends, and industry events. All materials are subject to editorial review. E-mail us at editor@cleanedge.com.
indexes
Clean Edge Stock Indexes: Tracking the Performance of U.S.-Traded Clean-Energy and Global Wind and Smart Grid Infrastructure Companies.
Subscribe to Clean Edge RSS ![[icon: Print]](../images/iconPrint.gif){kind=small}
Print
LS9 Raises $25 Million for Renewable Petroleum
September 25, 2009Source: Clean Edge News
LS9, a developer of
renewable petroleum, recently announced it completed a $25 million
round of funding. Participating investors included CTTV Investments
LLC, the venture capital arm of Chevron Technology Ventures LLC;
Flagship Ventures; Khosla Ventures and Lightspeed Venture Partners.
In May this year, LS9 announced a strategic partnership with Procter
& Gamble to support the joint development and commercialization of
LS9 technology to produce key chemicals used within the P&G
portfolio of consumer products.
LS9's technology uses a one-step fermentation process to convert
renewable plant-based materials into a portfolio of UltraClean(TM)
fuels and sustainable chemicals.
According to the company, UltraClean Diesel has achieved U.S. and
Brazilian performance standards for on-road use, and achieves an 85%
reduction in green house gas emissions. LS9 says it is currently
producing UltraClean Diesel at its pilot facility and expects to have
demonstration scale production in 2010.