Lux Research has recently released a new report, “Ranking Biofuel Startups on the Lux Innovation Grid, which analyzes a number of key criteria to indicate which companies are more likey to succeed as the market matures. One of the companies given top honors is Mascoma Corporation.
“We are proud to be considered a top biofuels company by Lux,” said William J. Brady, CEO of Mascoma. “This distinction validates our efforts to be a leader in the growing cellulosic ethanol industry. Coupled with this award, our strong financial backing and proven technology breakthroughs in Consolidated Bioprocessing emphasize that we are ahead of the pack on the road to commercialization.”
This is not the first award that Mascoma has received in the past few months. The company was ranked #10 in the Biofuels Digest’s “Hottest Companies in Bioenergy.”
The Lux Innovation Grid is used to predict which segments of the biofuels markets are poised to succeed based on selective criteria including revenue per employee, patents, performance metrics, production capacity, and other data.
Click here to get more information about the report.