Total Buys Interest In Chicago-based Biofuels Firm

Published: 28-Apr-2010

Total Energy has acquired an interest in Coskata, a Chicago-based company developing new biofuels and biochemicals platform technology.

This investment is part of Total’s strategy to prepare for energy transition, in particular by supporting the development of start-ups through its Corporate Venture Activity.

Created in 2006, Coskata is developing a platform technology to enhance the value of syngas produced from carbonaceous feedstock, in particular non-food biomass, converted into biofuels or biochemical products. The process is based on microorganisms selected for their ability to efficiently ferment syngas into valuable products.

Coskata said that it has already implemented its technology on a significant scale in a demonstration facility that produces bio-ethanol, progresses toward its commercialization, and advances its overall technology platform.

Total’s investment in Coskata is part of a capital increase in which other shareholders of Coskata have also participated and that will further support the ongoing development of the company. Total will have a seat on Coskata’s board of directors.

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