Issue Date: November 12, 2007
Venture Set For Cellulosic Biofuels
U.S. venture capital firm Khosla Ventures and the Netherlands-based start-up firm BIOeCON have formed a joint venture, called KiOR, to develop and commercialize BIOeCON's biomass catalytic cracking technology. The technology can convert lignocellulosic biomass, such as that found in agricultural and forestry waste, into a crude product that can be upgraded into biofuels. Cellulosic technologies are being developed to circumvent the "food-versus-fuel" problem associated with using food crops to make ethanol or biodiesel.
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