VCA Stocks

Coskata Inc. has raised $19.5 million in a second round of funding that will be used towards construction costs of its first 100 Mgy (million gallons per year) cellulosic ethanol plant.  The company projects that its waste-to-ethanol process can produce fuel at $1 per gallon.  Coskata aims to produce 100 Mgy of cellulosic ethanol based on five bacteria strains developed at research labs in Oklahoma. The company will produce 40,000 gallons of fuel on a pilot basis, using woodchips from a co-located chemical plant as feedstock. The company aims to produce fuel for $1 per gallon.  Coskata executives said that this first plant would open in 2010, but did not disclose the plant’s capacity. They said that full-scale cellulosic plants would cost up to $400 million and would produce 100 Mgy.