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Valero to finance company trying to convert waste to gas
April 10 -- Valero Energy Corp. is leading the first round of equity financing for a Houston startup company trying to commercialize a process to convert municipal solid waste into gasoline.
April 10 -- Valero Energy Corp. is leading the first round of equity financing for a Houston startup company trying to commercialize a process to convert municipal solid waste into gasoline.
Terrabon LLC has developed an acid fermentation technology that converts biomass, including municipal solid waste, into gasoline. Its Bryan, Texas, Advanced Biofuels Research Facility uses the technology to process nonfood biomass into chemicals, such as acetic acid and ketones, which can be made into gasoline.
The end product is not ethanol, said Gary Luce, CEO of Terrabon. It has a higher energy value than ethanol and is comparable to, and can be mixed with, regular gasoline, he said. Terrabon developed the conversion technology in cooperation with Texas A&M University.
Contact Waste & Recycling News reporter Joe Truini at 330-865-6166 or jtruini@crain.com
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