As I am writing my second post of the year, we got this breaking news from @GiantMiscanthus on twitter that LanzaTech has bought Range Fuels for $5.2m.
LanzaTech’s CEO Jennifer Holmgren confirmed to the blog today that they have acquired Range Fuels via an auction. I’m sure we will hear more from LanzaTech on what they’re planning to do with the company’s assets.
For those who are not familiar with Range Fuels (the green blogger for one), the company seems to have the bad reputation of being the Solyndra version of the cellulosic ethanol industry. Range Fuels was founded by Vinod Khosla and has been developing cellulosic ethanol since 2007. From then on, the company was able to get grants and private fundings but unfortunately was not able to deliver its promise of a 20m gal/year cellulosic ethanol plant in Soperton, Georgia, by 2008.
Range Fuels closed the Soperton plant last year and has been auctioned today, where LanzaTech apparently won the bid.
On the saga of Range Fuels, here is an interesting article from Wall Street Journal.
On Range Fuels’ connection with LanzaTech, here is a good article from Biofuels Digest.