A stunner at NBB. Renewable Energy Group deploys its balance sheet — and takes aim at renewable chemicals — as it acquires the storied LS9. In Iowa, Renewable Energy Group announced it has acquired LS9 for a purchase price of up to $61.5 million, consisting of up front and earnout payments, in stock and cash. […]
“I’m not a bacterium, I’m a one-celled Clooney.” Mike tweets: “REG buys LS9 for $61M. Did the e.coli receive anything? Warrants, options? Where’s the outrage?” Has Mike visited your project lately? Tweet your photos with Mike at #MikeRobeDigest, then see them in the Digest.
In Washington DC, at the Advanced Biofuels Leadership Conference, LS9 CEO Tjerk de Ruiter announced the expansion of its operations at the Company’s Okeechobee, Florida demonstration facility with a successful customer trial. The Florida facility was initially designed, and has been used, to scale-up LS9’s fermentation technology and generate large commercial samples for testing and […]
In Florida, LS9 Inc. announced the expansion of its operations at the company’s Okeechobee after successfully completing a pilot production run at its Florida plant for another advanced bioproducts company, Cobalt Technologies. Fermentation scale-up is an expensive proposition and requires the proper facilities and expertise to make an effective run. The need to run trials is also […]
One of biofuels’ most-celebrated technologies makes a change at the top; the struggle to raise capital dogs a high-profile biofuels star. A new chapter is underway at LS9 with the appointment of Tjerk de Ruiter — the former CEO of Genencor — as president and CEO. It’s not wholly unexpected. Four weeks ago in Top 10 […]
Biofuels Digest has released the next wave of its 5-Minute Guides – a “news you can use” digest on the leading companies in biofuels. This release updates 10 guides for the latest developments through Q1 2013. Each 5-Minute Guide provides a company description, latest news, awards, and Biofuels Digest feature stories; 3 top milestones for […]
Address: 600 Gateway Blvd., South San Francisco, CA 94080 Year founded 2005 Company description: LS9, Inc. is a technology leader in the commercial development of a growing portfolio of sustainable products to meet the needs of established and expanding chemical and fuel markets worldwide. Utilizing a simple, efficient, flexible, cost-effective technology platform, LS9 has created […]
LS9’s acquisition of fermentation technology in Florida was a signature deal, from a cost point of view — in the end, between various incentives and the fact that they bought it as a distressed facility, they picked it up for almost nothing, and spending has focused on retrofitting the 12 million gallon facility to the […]
Address: 600 Gateway Blvd., South San Francisco, CA 94080 Year founded 2005 Company description: LS9, Inc. is a technology leader in the commercial development of a growing portfolio of sustainable products to meet the needs of established and expanding chemical and fuel markets worldwide. Utilizing a simple, efficient, flexible, cost-effective technology platform, LS9 has created […]
In Florida, LS9 announced the completion of its first production run of fatty alcohols at its new facility in Okeechobee. The first run at 135,000 liter scale produced several tons of fatty alcohol with “excellent replication of technical metrics”.LS9 completed the retrofit of the demonstration facility in Okeechobee, Fla. in May of this year. “We […]
