bioplastics24.com

BioEnergy International, a Norwell, Mass.-based biorefinery developer that secured $61.6 million in funding this week, plans to build a biomass and biomaterial company on a foundation of corn.

The company has two ethanol plants in development in Lake Providence, La., and Clearfield County, Penn., but is also working on putting up a pilot cellulose plant in Pennsylvania.

"If you look at the President and Congress' stated goals in excess of 30 billion gallons of renewable fuels, in some cases up to 60, I think most agree that corn kind of tops out at around 15 billion gallons," Samuel McConnell, VP of development at BioEnergy told Inside Greentech.