ZeaChem Teams With Chrysler on Ethanol

ZeaChem, the developer of cellulosic ethanol technology, said today it has agreed on a memorandum of understanding, the first step toward a strategic alliance, with Auburn Hill, MI-based Chrysler Group. Terms of the agreement weren’t disclosed. ZeaChem, which runs an R&D facility in Menlo Park, CA, said one of the goals will be “to strengthen the credibility among regulators and American consumers of cellulosic ethanol as a cost-effective green transportation alternative.”

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