Mascoma, a US-based developer of a platform to convert renewable feedstocks into chemicals used in alternative fuels, has withdrawn plans to float on a stock exchange, citing “market conditions,” according to a regulatory filing

Bill Brady, chief executive of Mascoma, told news provider Fortune the company “will continue to fund its operations with proceeds from current investors, new strategic investors and from increasing revenues from its Mascoma Grain Technology business”.

In September 2011, Mascoma said it would raise up…

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