Valero Energy to accelerate
production of green gasoline
Terrabon, L.L.C., a technology
developer of green gasoline
from landfill waste, announced
that the leading petroleum refiner
in the United States, San Antonio-based
Valero Energy Corporation, has
funded the first installment,
as lead investor, in Terrabon's
current round of equity financing.
Terrabon will use the financing
to accelerate the commercial
deployment of its unique acid
fermentation technology that
converts readily available,
low-cost biomass (including
municipal solid waste from landfills)
into chemicals that can be processed
into renewable green gasoline.
Terrabon is currently in the
start-up phase of its Advanced
Biofuels Research Facility in
Bryan, Texas, which will confirm
the commercial feasibility of
the Company's MixAlco™ technology.
MixAlco is an advanced bio-refining
technology, developed in cooperation
with Texas A&M University,
which converts low-cost, readily
available, non-food biomass
into valuable chemicals such
as acetic acid and ketones that
can be processed into gasoline.
This gasoline is not ethanol.
It has a higher energy value
than ethanol, as comparable
to regular gasoline, and can
be blended directly with regular
Valero's previous investments
in renewable fuels technologies
include work with biofuels companies
and the purchase of seven ethanol
plants in the Upper Midwest.