Wednesday, March 30, 2011

Qteros CEO John McCarthy offers space in new Chicopee plant for biofuel start-ups

Boston Business Journal The Republican Published: Saturday, March 26, 2011, 1:34 PM Updated: Saturday, March 26, 2011, 11:35 PM By KYLE ALSPACH, Boston Business Journal With the major costs associated with proving out new biofuels technologies, John McCarthy says he’s seen a number of Massachusetts startups in the space enticed to do larger-scale work in other states. McCarthy, CEO of Marlborough-based cellulosic ethanol firm Qteros Inc., wants to help remediate that with his company’s new fermentation facility in Chicopee, expected to open during the second quarter. The company plans to use just about a third of the 15,000-square-foot facility for itself, and believes the rest should be developed for use by other Bay State biofuels firms - ideally with state government backing. Read more