SOUTH SAN FRANCISCO, Calif., July 18, 2011 (GLOBE NEWSWIRE) -- LS9, Inc., a technology leader in the development of sustainable products, today announced that it has been awarded in conjunction with partner HCL CleanTech Ltd., a $9 million grant from the Department of Energy (DOE) to improve and demonstrate an integrated process to convert biomass feedstocks into fermentable sugars and then into diesel and other fuel and chemical products. As part of the DOE grant, LS9 and HCL CleanTech are combining their proprietary technologies to produce drop-in advanced biofuels and other valuable bio-based chemicals from wood waste and other agriculture waste, commonly referred to as "biomass."
"We are very pleased with this award and look forward to working with our grant partner, HCL Cleantech, to deliver a successful integrated project," said Ed Dineen, LS9 President and CEO. "Demonstrating compatibility and integration of LS9's broad technology platform with next generation biomass based sugar technologies is a key strategic objective for the Company."
About LS9, Inc.
LS9, Inc. is a technology leader in the commercial development of a growing portfolio of sustainable products to meet the needs of fuel and chemical markets worldwide. Its unique technology platform enables low costs, feedstock flexibility and process simplicity across a diversity of fermentation-derived products ranging from vehicle-ready fuels to chemicals for lubricants, detergents and personal care products. In June 2010, LS9 was awarded the U.S. Environmental Protection Agency's highest environmental honor for its revolutionary technology. The company was founded in 2005 and is supported by funding from Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Chevron Technology Ventures and BlackRock. LS9 is headquartered in South San Francisco, California, and further information can be found at www.ls9.com.
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