Biofuel Co. Raises $70M To Boost Plant-To-Fuel Production

Law360, New York (January 17, 2012, 4:39 PM EST) -- Joule Unlimited Inc., a Massachusetts-based biofuels developer, has closed a $70 million third round of fundraising, furthering plans to launch commercial production of its patented plant-to-fuel process, the company said Tuesday.

The round included investments from both new and prior undisclosed investors, along with clean tech backer Flagship Ventures LP, Joule's founding venture capital investor. Joule said it has raised more than $110 million to date, including a $30 million fundraising round in 2010.

The funding will help build out Joule's planned manufacturing facility located in...
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