Category » Wisconsin

Green Biz Roundtable Highlights Biofuel

Tim Erdman, board member of CAPCO program company Virent, spoke about biofuels development at this month’s Green Biz Roundtable:

Nearly 50 people packed into the Wilkinson Library’s program room Friday morning for December’s Green Biz Roundtable. This month’s talk, delivered by Virent, Inc. board member Tim Erdman, focused on biofuels development. Erdman, who has a long history of renewable energy development in Telluride and elsewhere, excitedly related the possibility of producing a fuel cheaper, more efficient and more environmentally friendly than anything available today.

The kicker: He believes Virent is poised to produce the sugar-based fuel on a large scale soon.

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Report Touts ‘Cow Power’ and More

Virent, a CAPCO program company in Wisconsin, is researching how to convert corn stover to jet fuel:

The Midwest can seize an advantage when it comes to developing homegrown energy on the farm, a new report says.

The Chicago Council on Global Affairs says the region’s abundance of farms can point the region toward procuring more energy from waste streams – whether that means from grease and oil from restaurants, corn stalks and cobs left over from the corn crop, or manure from dairy farms.

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Legislators Should Act to Create Jobs Here

Jason R. Smith wrote an opinion article for the Journal Sentinel in Wisconsin discussing his reasons for supporting the CAPCO program:

The venture capital industry is misunderstood and misperceived. While some think of the industry as a bunch of youngsters playing fast and loose with ideas and millions of dollars, venture capitalists have, in fact, created some of the world’s giant job creators – companies such as Microsoft, Amazon, Facebook and Apple.

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WisBusiness: Other States Looking at Wisconsin’s Biofuels Industry

Virent, a CAPCO program portfolio company, doesn’t plan to leave Wisconsin:

Wisconsin has been a good place to start an innovative biofuels business, but competition from other states for the chance to build the first plants could draw away the industry, Virent Energy Systems CEO Lee Edwards says.

But he says Virent isn’t leaving.

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DOE Drops $12 Million On Drop-In Biofuels

Virent Energy Systems, a CAPCO program company located in Madison, Wisc., will receive up to $4 million of the $12 million from the DOE:

The U.S. Department of Energy (DOE) recently announced awards totaling $12 million to support the development of “drop-in” biofuel technologies. Drop-in biofuels are fuels that can serve as direct replacements or supplements to existing gasoline, diesel and jet fuels without any changes to existing fuel distribution networks or engines. The DOE thinks these fuels have the potential to significantly reduce U.S. reliance on oil imports. We’ve seen the military extensively exploring their use.

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U.S. Investing $9 Million in Israeli Alternative Fuels Start-Ups

Virent, a previously mentioned Wisconsin CAPCO portfolio company, has been in the news in regards to its recent investment:

The U.S. Department of Energy is making a $9 million investment in a joint Israeli-American venture to develop alternative fuels.

Israel’s HCL Cleantech is joining forces with the American biofuels startup LS9 will use cellulosic feedstocks to produce alternative fuels.

HCL Cleantech uses technology developed by Nazis in Germany to produce sugars from nonfood organic sources, mainly acidic cellulosic sources, Haaretz reported.
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Virent Project Wins Federal Funding

Check out the exciting news for Virent, a Wisconsin CAPCO program company:

Virent Energy Systems Inc. was awarded up to $4 million on Tuesday for a project to accelerate the development of drop-in biofuels as well as bio-based chemicals.

Virent’s was one of three small-scale projects awarded funding by the Department of Energy, the agency announced.
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Virent’s Biofuels Process Wins More Research Funds

Check out this article published on JS Online about one of Wisconsin’s CAPCO Program companies – Virent:

Madison-based Virent Energy on Monday was one of two companies selected to proceed with additional research and development of “drop-in” biofuels.

The National Advanced Biofuels Consortium was funding six different technological processes that are being developed to replace gasoline, diesel and jet fuels, and is now moving forward with a second phase of research.

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Green Bottle Gets a Boost From New Plant-Based PET

Virent, a CAPCO Program portfolio company in Wisconsin, is creating a feedstock made from plant-based sugars:

The search for a fully renewable PET drinks bottle has moved a step closer with the development of a PET feedstock from plant sugars.

By using its own catalytic process, the US-based company Virent has created paraxylene (PX), a new feedstock created entirely from plant-based sugars.
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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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