LEBANON, N.H. , Mascoma, a Lebanon-based biofuels company, has raised $7 million in convertible debt from a group of investors, according to a recent filing by the company with the Securities and Exchange Commission.

Mascoma Corporation is an innovative biofuels company committed to developing environmentally sustainable, low cost, low carbon biofuels from cellulosic biomass. The company's Consolidated Bioprocessing method converts non-food biomass feedstocks into cellulosic ethanol through the use of a proprietary process that significantly reduces the need for costly enzymes and additives. The company's corporate office and R&D laboratories are based in Lebanon, New Hampshire. Mascoma is producing cellulosic ethanol on a demonstration scale at its facility in Rome, New York. Its affiliate, Frontier Renewable Resources LLC, is developing a commercial scale biorefinery in Kinross Charter Township, Michigan.