Boston Business Journal - May 1, 2008

Mascoma, General Motors enter biofuels pact
Boston Business Journal

Biofuel company Mascoma Corp.and automaker General Motors Corp. have formed a strategic relationship to develop cellulosic ethanol, a fuel made from wood, paper pulp or agricultural waste.

The companies announced the partnership on Tuesday.

Financial terms were not discussed. But the deal involves an undisclosed equity investment by GM, (NYSE: GM) which is based in Detroit.

GM's partnership with Boston, Mass., based Mascoma will focus on Mascoma's single-step biochemical conversion of non-grain biomass into low-carbon alternative fuels.