"Range Fuels Inc. said Wednesday the U.S. Department of Energy has awarded the company up to $76 million to build the first commercial cellulosic ethanol plant in the country.
Broomfield, Colo.-based Range Fuels -- which was founded by Menlo Park-based Khosla Ventures -- said it received the grant following a rigorous competitive process that included a detailed technology review, an assessment of the availability of renewable and sustainable cellulosic feedstock, and an evaluation of its ability to successfully commercialize and replicate the project at other locations.
The plant will produce ethanol from wood chips from unmerchanteable Georgia pine trees and forest residues, and will be located in Soperton, Ga., about 100 miles west of Savannah.
The company said its technology transforms otherwise useless products such as wood chips, agricultural wastes, grasses, cornstalks and more into ethanol through a thermo-chemical conversion process.
The company is privately held and funded by Khosla Ventures."
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