TMO Secures $19 Million to Roll Out Cellulosic Ethanol Process in the U.S.

Start-up firm TMO Renewables (Guildford, U.K.), a developer of cellulosic ethanol technology, says it has raised £11 million ($19 million) from investors primarily to support the firm’s working capital requirements for entering the U.S. market. Investors include private equity and investment firms.   The company’s technology is based on a proprietary fermentation process that can convert biomass or biowaste into bioethanol. TMO claims that its fermentation process can convert lignocellulosic-or woody-biomass into fuel. TMO says its...

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