Wednesday 28 September 2011

Biofuel company HQ moving to Philadelphia

A biomass energy company plans to move its HQ to the suburbs of Philadelphia from Georgia and will create 150 jobs over the next three years. The company Renmatrix will be developing ways to turn products like wood and waste into, as well as developing methods to access the fermentable sugars that are the foundation of biofuels. Venture capitalist John Doerr said "Sugar is the next crude, the new crude, done right, this can revitalize the American economy." Read more ...
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