IHS Chemical Week

People & Business :: Energy and Feedstocks

Biofuel Firm Raises $46 Million in Third Funding Round

3:35 PM MDT | June 8, 2010 | Vincent Valk

Virent Energy Systems (Madison, WI) has raised $46.4 million in a third funding round, including commitments from Shell and Cargill, the company announced today. Shell had first partnered with Virent in 2008 to build a pilot-scale biogasoline plant, currently capable of producing 10,000 gallons/year. The new funding round will go towards scaling up the company's production to commercialization. Commercial scale is estimated to be around 100 million gallons/year, Virent told CW in March. The $46.4 million raised exceeded the company's initial target of $25-$40...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa