Fulcrum Bioenergy Files SEC Paperwork for IPO
Fulcrum Bioenergy raised $75M US in early 2011 in Series C Funding
Fulcrum Bioenergy of California has developed a proprietary process that uses licensed plasma gasification technology to turn municipal solid waste (MSW) into ethanol. In the IPO filing, the company is looking to raise $115 million; the number of shares to be offered and price range have yet to be determined. Fulcrum Bioenergy would use the monies generated from the IPO to build its first commercial plant in Nevada. Waste Management and Waste Connections would supply the MSW, and Tenaska Biofuels would buy all the fuel.