Qteros shutters Massachusetts plant

04/8/2012 | MassLive.com

Qteros has closed its fermentation plant in Chicopee, Mass. The plant, which was initially scheduled to open in mid-2011, was supposed to be a demonstration facility for Qteros' algae-based biofuel technology. "The company has made significant advancement in the technology, but there are always these issues of continuing the flow of investment funds," said Susan Leschine, a microbiologist whose research was the basis for Qteros' formation.

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