LS9 buys renewable fuel factory for a song (San Francisco)
Biofuels startup LS9 Inc. bought its first demonstration facility to create renewable petroleum.
The South San Francisco-based startup said Wednesday it bought the Okeechobee, Fla., factory for $2 million out of bankruptcy though it had been valued at $80 million. The plant, which was formerly used to convert animal waste into feed, will be retrofitted over 6 months to accommodate LS9’s production process, which produces fuel from raw materials in a one-step fermentation process.
Read the full report in the San Francisco Business Times.
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