Virent gets USD-1.5m govt grant for renewable jet fuel technology

Dec 5, 2011 - US biofuel company Virent Inc said last week it had secured a USD-1.5-million (EUR 1.1m) grant from the Federal Aviation Administration (FAA) to advance its renewable drop-in jet fuel.

Drop-in biofuels do not require any changes in the airplane engine systems or fueling infrastructure. The funds will help Virent get closer to the commercialisation of its jet fuel, the company said.

The FAA awarded total of USD 7.7 million in contracts for the development of renewable jet fuel from alcohols, sugars, biomass and organic materials. The company that got the biggest award was New Zealand green energy firm LanzaTech. It received a USD-3-million grant to speed up the commercialisation of its alcohol to jet fuel.

(USD 1 = EUR 0.745)

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