Virent Energy Systems said it has successfully developed a drop-in fuel "biogasoline" from a combination of loblolly pine and corn stover. The project is part of a $50 million research initiative, financed mostly through the American Recovery and Reinvestment Act. "We anticipate further development in our production of drop-in fuels and chemicals from biomass, giving our nation long-awaited access to a wider range of feedstock choices," said Randy Cortright, Virent's founder and chief technology officer.

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