Mascoma Corporation
Mascoma Corporation Raises $61 Million in Third Round of Funding
Published in Law and Health Weekly, May 24th, 2008
Mascoma Corporation and Marathon Oil Corporation (NYSE: MRO), announced a $10 million equity investment by Marathon in Mascoma. The investment, which is part of $61 million raised in Mascoma's third round of funding, reflects Marathon's commitment to collaboration on the development, adoption and deployment of efficient, environmentally friendly and cost-effective next generation ethanol production.
Marathon's investment will go towards the funding of research and development activities at Mascoma, as well as the construction of operating facilities. As part of this new investment, Cliff Cook, Senior Vice President of Supply, Distribution and Planning at Marathon, has...
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