Press for Mascoma
Mascoma Corporation, a renewable fuels company, and Lallemand Ethanol Technology, a leading supplier of fermentation ingredients to fuel ethanol producers, announced today that they have entered into a commercial agreement with Pacific Ethanol Columbia, LLC, the owner of the ethanol production facility located in Boardman, Oregon and operated by Pacific Ethanol, Inc., (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States. The agreement provides terms and pricing for any purchases of the Mascoma Grain Technology, or MGT™, yeast product for use at Pacific Ethanol Columbia, a facility with annual production capacity of 40 million gallons, and also provides for the extension of these terms and pricing to three additional plants operated by Pacific Ethanol. The four Pacific Ethanol plants have a combined annual production capacity of approximately 200 million gallons.
In New Hampshire, Mascoma announced today that FDA, after scientific review, supports the use of the Mascoma Grain Technology yeast product as a processing aid in the production of animal feed, which is a by-product of the corn ethanol conversion process.
Mascoma Corporation, a renewable fuels company, announced today that the U.S. Food and Drug Administration’s (FDA) Center for Veterinary Medicine has completed its scientific review and supports the use of the Mascoma Grain Technology, or MGT™, yeast product as a processing aid in the production of animal feed, which is a by-product of the corn ethanol conversion process. MGT is the first commercial application of Mascoma’s proprietary consolidated bioprocessing (CBP) technology platform and is designed as a drop-in substitute for conventional fermenting yeast that lowers costs for corn ethanol producers by alleviating the need to purchase most of the expensive enzymes currently used in corn ethanol production.