U.S. Department of Energy Awards cellulose ethanol plant $76 million

“Range Fuels announced today that the U.S. Department of Energy awarded the company up to $76 million to build the first commercial cellulosic ethanol plant in the U.S. The plant will produce ethanol from wood chips from unmerchanteable Georgia pine trees and forest residues. The plant will be located in Soperton, Georgia, approximately 100 miles west of Savannah. The grant was awarded to Range Fuels, which was founded by Menlo Park, California-based Khosla Ventures”