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Royal Dutch Shell Takes Equity Stake In Biofuel Maker Virent Energy [UPDATE]

Royal Dutch Shell is taking an equity stake, for  an undisclosed amount,in Madison, Wisc., biofuel maker Virent Energy Systems. UPDATE 06.09.10: Virent Energy raised $46.4 million in third-round funding from Shelland Cargill Ventures, PeHUB reports. The company previously raised nearly $40 million. Virent’s …

Virent Energy Systems: Partnership With Shell Brings First Biogasoline Plant

Shell and Virent Energy Systems, Inc., announced today that production has started at the world’s first biogasoline plant. The Madison, Wisc., facility converts plant sugars into gasoline instead of ethanol, making it usable in standard gasoline engines. The technology isn’t ready for primetime …