Sweetwater Energy could rake in $1B annually from cellulosic sugar

Deals by cellulosic sugar developer Sweetwater Energy with two ethanol producers could bring the company up to $1 billion in annual revenue within five years and reduce the industry's reliance on corn. Under the deals, Sweetwater will build facilities for the production of cellulosic sugar, which will be sold to the ethanol plants. Although it's too early to predict the technology's impact, "the entire industry is looking for new feedstocks, new technology, not to replace corn, but to augment what they're currently doing," said Bob Dinneen, president and CEO of the Renewable Fuels Association.

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Rochester Democrat and Chronicle (N.Y.) (tiered subscription model)

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