Mr Haywood brings over 30 years of experience in the fuels manufacturing business.

Prior to joining LS9, Mr Haywood served as senior vice president of refining for Tesoro Petroleum, where he was responsible for seven refineries and over $20 billion in revenue.

Noubar Afeyan, chairman of LS9, said: The coming year will be pivotal to LS9 as the company delivers significant achievements in the development of second-generation biofuels. Bill brings with him the ideal combination of project development, organizational optimization and investment management expertise the company needs as it transitions from development to production.