Alternative Energy Technology Center acquires Meridian Biorefining

The Alternative Energy Technology Center Inc. has acquired Meridian Biorefining Inc. and its vertically integrated biorefining system that uses nonfood, cellulosic feedstocks to produce ethanol, gasoline and biocrude, which can be further processed to produce a wide range of biofuels, chemicals and other compounds. According to AETC Chief Executive Officer Brown Marks, the company expects to complete its commercial-scale research facility by the end of March and begin producing biofuels by July. "Meridian's technology will make the processing of cellulose into fuels far more cost-effective than any current technical models in development," Marks said.