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Shell, Cargill invest more in Virent for biogasoline

Although electric vehicles are often the highlight of auto shows these days, work on advanced biofuels continues with at least some companies making progress on industry goals.

Madison, Wis.-based Virent Energy Systems said on Tuesday that it raised $46.4 million in a third round of funding, which included follow-on investments from Shell and Cargill.

The money will be used to expand the company's existing demonstration plant, which makes a gasoline equivalent, called biogasoline, from plants at a rate of 10,000 gallons per year. The investment agreement also calls for research on making diesel fuel with the … Read more

Virent Energy to turn sugar into green gasoline

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