IHS Chemical Week

People & Business :: Energy and Feedstocks

Qteros Secures $22 Million of Financing to Accelerate Cellulosic Ethanol Program

10:21 AM MST | January 5, 2011 | Alex Scott

Biotech start-up Qteros (Marlborough, MA) says it has successfully closed a deal to raise $22 million as part of its Series C round of financing. Qteros has developed Consolidated Bioprocessing (CBP), a platform for what it says is the lowest-cost production of cellulosic ethanol. The funds are due to be used to accelerate the company's development and commercialization plans.   “I'm pleased to have completed this first phase of financing for the company which represents broad participation from both existing and new investors," says John A...

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