Monday, May 9, 2011

Veredezyne Gets New Funding

Carlsbad-based Verdezyne, a developer of renewable fuel and chemical processes, announced this morning that it has scored a new round of funding. Size of the new round was not disclosed. Verdezyne said the investors in the new round of funding included BP Alternative Energy Ventures, DSM Venturing B.V., as well as existing investors OVP Venture Partners and Monitor Ventures. Verdezyne is developing a yeast-based process for producing ethanol and adipic acid, used for renewable fuels and chemical processes. More information »