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Business
Tesoro buying Virent for biochemicals
by Alexander H. Tullo
September 12, 2016
| A version of this story appeared in
Volume 94, Issue 36
The oil refiner Tesoro has agreed to acquire Virent, a start-up developing a chemical process for making fuels and aromatic chemicals from sugar and starch. Virent has been working with Coca-Cola on a cost-effective route to biobased p-xylene as a precursor for the polyethylene terephthalate used in beverage bottles. Tesoro hopes to use Virent technology to make biofuels that garner credits it can use to meet California and federal renewable fuels standards. The two companies have been collaborating since January.
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