Mascoma receives top ranking from Lux Research among biofuels companies on Innovation Grid that predicts which companies are poised to succeed as market matures
LEBANON, New Hampshire
February 16, 2010
– Mascoma Corporation today announced its favorable position atop the biofuels landscape according to a Lux Research Inc. report issued this month. Mascoma received top honors from the Lux report: Ranking Biofuel Startups on the Lux Innovation Grid, which analyzes a number of key criteria to indicate which companies are more likely to succeed as the market matures.
"We are proud to be considered a top biofuels company by Lux. This distinction validates our efforts to be a leader in the growing cellulosic ethanol industry," said William J. Brady, CEO of Mascoma. "Coupled with this award, our strong financial backing and proven technology breakthroughs in Consolidated Bioprocessing emphasize that we are ahead of the pack on the road to commercialization."
The Lux Innovation Grid distinguishes and predicts which segments of the biofuels market are likely to succeed based on selective criteria including revenue per employee, patents, performance metrics, production capacity and other data.
In December 2009, and for the second year in a row, Mascoma was announced as one of the top ten Hottest Companies in Bioenergy according to Biofuels Digest. The list recognizes innovation and achievement in bioenergy development.
Mascoma Corporation is an innovative biofuels company committed to developing environmentally sustainable, low cost, low carbon biofuels from cellulosic biomass. The company's Consolidated Bioprocessing method converts non-food biomass feedstocks into cellulosic ethanol through the use of a proprietary process that eliminates the need for costly enzymes and additives. The company's corporate office and R&D laboratories are based in Lebanon, New Hampshire. Mascoma is producing cellulosic ethanol on a demonstration scale at its facility in Rome, New York. Its affiliate, Frontier Renewable Resources LLC is developing a commercial scale production facility in Kinross, Michigan. For more information, visit www.mascoma.com.
© 2021 Business Wire, Inc., All rights reserved.