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Lanxess Increases Stake in Biobased Isobutanol Firm

9:00 AM MST | February 15, 2011 | Rebecca Coons

Lanxess says it has increased its minority stake in Gevo (Englewood, CO) to 9.1% after investing $17 million in the biofuel and biochemical firm’s IPO last week. The move reflects “the good progress,” made by both companies in developing isobutene from renewable resources, says Lanxess....

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