NEW YORK--Virent Energy Systems later this year will open a demonstration plant that will convert sugar water into the chemical equivalent of gasoline.
The company is now in the process of raising a C round of funding to build the facility in Madison, Wis., which is scheduled to be open by the third quarter of this year, said Virent Energy CEO Lee Edwards.
The pilot plant will be able to produce 10,000 gallons a year of liquid hydrocarbons--either gasoline, jet fuel, or diesel, he said. The feedstock can be sugar cane, sugar beets, or other plants.
Edwards spoke at … Read more