Zymetis Joins AE Biofuels

Zymetis Inc., a company in the Technology Advancement Program incubator at the University of Maryland developing products for the renewable chemicals and advanced fuels industries, announced today that it has been acquired by AE Biofuels Inc., a Cupertino, Calif.-based global advanced biofuels company. 

Zymetis will continue as a wholly owned subsidiary of AE Biofuels.  The technical team of Zymetis will join AE Biofuels in similar roles. Zymetis founder Dr. Steve Hutcheson will join AE Biofuels’ board of directors.

“Zymetis’ technology has already demonstrated the production of...