When the biofuels startup Mascoma launched in 2005, it hoped to capitalize on technology that would produce ethanol from wood chips and other plant waste in an efficient one-step process.rnMascoma secured $30 million in financing by 2006 and began building a 200,000-gallon-per-year pilot plant in Rome, NY, the followingyear. In 2008, the company heralded new research advances toward genetically engineered bacteria that could thrive at high tem-rnperatures.
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