MaRS Cleantech Fund Invests in Canadian Ethanol Producer Woodland Biofuels

MaRS Cleantech Fund LP has announced the closing of a deal involving Woodland Biofuels Inc., a privately owned company that has developed low-cost process technology for producing cellulosic ethanol from waste biomass. The financing of Mississauga, Ontario-based Woodland is the third disclosed by MaRS Cleantech Fund since its C$30 million closing in March. The fund is the product of a strategic relationship between the MaRS Discovery District, a Canadian innovation centre, and private investors.

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