Virent Energy Systems wins Presidential Green Chemistry award for efficient biofuel process
Due to the low power requirements for the production of Virent's biofuels, the firm boasts a 20- to 30-percent cost advantage over today's ethanol. Soon, the company plans to compete directly with petroleum-based fuels on the open market with a 10,000-gallon-per-year pilot plant. If Virent's analysis is correct, the company's fuel will be competitive as long as fossil fuels hover around $60 per barrel.
[Source: US EPA via Green Car Advisor]
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