Flagship Ventures-backed Joule and Red Rock Biofuels to merge
Joule and Red Rock Biofuels, both of which are backed by Flagship Ventures, have agreed to merge. No financial terms were disclosed. Also, Dr. Brian Baynes, a partner at Flagship Ventures who is currently on the board of both Joule and Red Rock, will become president and CEO of the combined companies. Bedford, Massachusetts-based Joule is an alternative fuel developer while Red Rock Biofuels, which is located in Fort Collins, Colorado, is a provider of renewable biofuels.
13 November 2015•4 mins read
