Press for Mascoma

In New Hampshire, Mascoma announced today that FDA, after scientific review, supports the use of the Mascoma Grain Technology yeast product as a processing aid in the production of animal feed, which is a by-product of the corn ethanol conversion process.

Mascoma Corporation, a renewable fuels company, announced today that the U.S. Food and Drug Administration’s (FDA) Center for Veterinary Medicine has completed its scientific review and supports the use of the Mascoma Grain Technology, or MGT™, yeast product as a processing aid in the production of animal feed, which is a by-product of the corn ethanol conversion process. MGT is the first commercial application of Mascoma’s proprietary consolidated bioprocessing (CBP) technology platform and is designed as a drop-in substitute for conventional fermenting yeast that lowers costs for corn ethanol producers by alleviating the need to purchase most of the expensive enzymes currently used in corn ethanol production.

Mascoma Corporation, a renewable fuels company, announced today that it has implemented key components of the commercialization strategy for its Mascoma Grain Technology, or MGT™, yeast product, which is the first commercial application of Mascoma’s proprietary consolidated bioprocessing (CBP) technology platform. The MGT product is a genetically-modified yeast designed as a drop-in substitute for conventional fermenting yeast that lowers costs for corn ethanol producers by alleviating the need to purchase most of the expensive enzymes currently used in corn ethanol production. Mascoma is pursuing additional commercial applications of its proprietary CBP technology platform, including its recently announced joint venture with Valero Energy Corporation to develop a 20 million gallon per year commercial-scale facility in Kinross, Michigan to convert hardwood pulpwood to cellulosic ethanol.

Mascoma Corporation, a renewable fuels company, announced today that it has signed a cooperative agreement with the U.S. Department of Energy (DOE) to assist in the design, construction and operation of a commercial-scale hardwood cellulosic ethanol facility in Kinross, Michigan. The cooperative agreement provides for up to $80 million in DOE funding, in addition to $20 million in funding previously awarded by the DOE related to research and development for this project. This agreement includes a cost-sharing arrangement under which the DOE will contribute to the costs for construction of the Kinross facility, and the balance of the construction costs will be funded by Valero Energy Corporation and a grant from the State of Michigan.