INTERVIEW-Virent biofuel sees financing round up to $40 mln

Newswire

By Timothy Gardner NEW YORK, June 23 (Reuters) - Virent Energy Systems, which hopes to make gasoline-like fuel from plant sugars, expects to raise $25 million to $40 million by the end of the year in its third round of financing, the company's chief executive said on Tuesday. The company has already raised about $70 million, some $40 million from corporate investors and government grants and $30 million in venture capitalism arms of Honda , Cargill [CARG.UL] and other companies. Virent ...

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