Gevo (Caltech) raises new funding

Gevo, a Caltech spinoff focusing in renewable chemicals and advanced biofuels, closed a round of funding led by specialized chemicals company LANXESS on Wednesday, May 26. As a result of this funding, Dr. Ron Cammander, head of LANXESS Group’s Butyl Rubber Business Unit since 2004, will have a board seat at Gevo. [press release]

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