200 Million for Cilion

Cindy Zimmerman

Cilion Officials with California-based Cilion announced this week they have raised over $200 million in capital financing to build multiple ethanol plants.

Cilion was formed in June (see previous post) with a partnership between Western Milling and venture capital firm Khosla Ventures

According to a press release, Cilion will operate modular, standardized 55 million gallons per year ethanol plants using India-based Praj technology. Using a variety of innovations, these plants will be greener and less expensive than standard corn-to-ethanol plants, therefore substantially reducing the consumption of traditional energy sources in ethanol production.