Fulcrum closes $75M Series C financing round for MSW-to-ethanol project

In California, Fulcrum Bioenergy announced that it has  closed a $75 million Series C financing. A portion of the financing will be used to fund the equity capital for the company’s Sierra BioFuels Plant, a commercial-scale production facility designed to convert household garbage to  ethanol, renewable electricity and other high value chemical products.

Fulcrum reports they have  been working with Fluor on the engineering services for the project and expects to begin construction this summer.  Fulcrum expects construction to be completed in late 2012.  The  $120 million Sierra BioFuels Plant will reportedly convert  post-sorted MSW into ethanol, renewable electricity and propanol.

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