Abengoa Bioenergy and Dyadic Work on Cellulosic Ethanol

Jupiter, Florida [RenewableEnergyAccess.com] Dyadic International, Inc. signed a three-year research and development (R&D) agreement and a stock purchase agreement with Abengoa Bioenergy R&D, Inc. (ABRD), in which Abengoa Bioenergy will invest $10 million in Dyadic. The proceeds will fund the development of a cost-effective enzyme production system for commercial application in Abengoa Bioenergy’s bioethanol (cellulosic ethanol) production process. Dyadic will perform both foundational research of general application to the cellulosic ethanol field and specific applications research.

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