For a new crop of biofuel companies, ethanol is out and "biogasoline" is in.
One of them is Primus Green Energy, which plans to open a demonstration plant by the end of the year that will convert wood pellets into high-octane gasoline. The Hillsborough, N.J.-based company intends to raise $50 million to $100 million this year for a commercial-scale plant that would start producing at higher volumes in 2015.
Many companies break down biomass into sugar through different methods and then ferment that to make ethanol or speciality chemicals. Primus Green Energy and others are seeking … Read more