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Butalco secures funding

In April, Butalco GmbH, a privately funded Swiss company, secured its first round of external funding from German-based Volkswind GmbH, which will strengthen the company's research centered on the development of genetically modified yeast used to manufacture lignocellulosic ethanol and butanol.

This technology will allow producers to manufacture biofuels using traditionally unsuitable plant waste material that won't compete with food production. Butalco has filed patent applications and aims to license the technology to biofuel producers.