Archives from day » 30, August 2011

Virent Receives DOE Award for Jet Fuel Development

Virent, a Wisconsin CAPCO Program portfolio company, received $13.4 million from the DOE for research in biomass-to-fuels technologies:

Virent announced it has received its largest single federal award to date, up to $13.4M subject to final contract negotiations with the DOE, to employ its patented catalytic process in the conversion of corn stover to jet fuel. The award is part of $36M that the U.S Department of Energy (DOE) is using to fund projects aimed at improving the economics and efficiency of biological and chemical processes that convert nonfood biomass feedstocks into replacements for petroleum-based feedstocks, products and fuels.
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