Fill 'er up with biomass

CNN Money

The CEO of a Wisconsin startup claims to have a better formula for converting crops to gasoline.


NEW YORK (Fortune) -- One of the many jobs that Lee Edwards took on during his 25-year career at BP, formerly known as British Petroleum, was leading the energy giant's effort to re-brand itself. Today as the CEO of Virent Energy Systems, a seven-year-old biofuel startup in Madison, Wis., he is truly trying to move beyond petroleum. With a proprietary process it calls "BioForming," Virent says it can turn plant sugars from corn, switchgrass, and other crops into gasoline that has a higher energy density than ethanol.

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