Raven Biofuels and Pure Energy to merge, focus on cellulosic ethanol

In New Jersey, Raven Biofuels International and Pure Energy will merge, with Pure Energy shareholders receiving a controlling stake in Raven plus $3 million in cash. The merged company will own more than 30 patents relating to cellulosic ethanol production, and will focus on low-cost cellulosic ethanol.

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