Deinove and VVT Partner on Cellulosic Ethanol Process Development (update)

Biotech start-up Deinove (Paris) and VVT Technical Research Centre of Finland (Espoo, Finland), one of the largest applied research organisations in northern Europe, say they have agreed to collaborate on the commercialization of a biotech process for manufacturing cellulosic ethanol. Financial terms were not disclosed. Under the terms of the agreement, Deinove will pay for all project costs and milestone payments to VTT. Deinove will become the sole owner of any patents and results that are developed. The project is expected to last about 20 months.  ...

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