Want cheap biofuel? A startup makes it with natural gas

Virent, a biofuels company based in Madison, Wisconsin, has developed a potentially inexpensive way to make gasoline and other valuable chemicals out of grass and wood chips. Its approach reduces costs by simplifying or eliminating expensive processing steps, and by using natural gas to increase the amount of fuel that can be made from a given amount of biomass.
In some ways, the process is similar to the one used to refine oil. Virent has demonstrated that it can use it to make gasoline, diesel, and jet fuel, and its 100-liter-per-day gasoline pilot plant makes fuel that's used in Formula 1 racing.