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In Feburary 2007 it was reported that "Diversa and Celunol, two U.S.-based companies developing technologies to convert biomass to fuel, on Monday announced plans to merge in order to pursue next-generation ethanol production.

"Under the deal, which is worth $154.7 million, Diversa will issue 15 million shares to acquire the equity of privately held Celunol and will provide $20 million in debt financing." [1]

People (archived 2006 page)

Accessed January 2009: [2]



  • Michael Dennis - President and Chief Executive Officer, Celunol, Dedham, Massachusetts
  • William D. Lese - Managing Director, Braemar Energy Ventures, New York, New York
  • Joshua Ruch - Managing Partner, Rho Ventures, New York, New York
  • Mike Zak - Partner, Charles River Ventures, Waltham, Massachusetts


Web: http://www.celunol.com/ (NO LONGER WORKS)

Resources and articles

Related Sourcewatch articles


  1. Biofuels firms Diversa, Celunol merge, CNET, accessed January 27, 2009.
  2. Management and Directors (2006), Celunol, accessed January 27, 2009.