LS9 Extends Chevron Deal

Xconomy San Francisco — 

LS9, the South San Francisco-based developer of renewable fuel technologies, said today it has advanced to the second phase of a collaboration supported by Chevon Technology Ventures. The next step aims to further improve the company’s technology to produce “specific pure hydrocarbon products,” LS9 said in a statement. Financial terms of the agreement weren’t disclosed. LS9 raised $30 million in equity financing last December, in a deal that included another entity affiliated with Chevron, the oil giant.