Virent Energy Systems, Inc. is a technology company developing crude oil alternatives from plant stock. Virent is replacing crude oil by creating the chemicals and fuels the world demands from a wide range of naturally occurring, renewable resources. Using patented catalytic chemistry, Virent converts soluble biomass-derived sugars into products molecularly identical to those made with petroleum, including gasoline, diesel, jet fuel, and chemicals used for plastics and fibers. Products are âdrop inâ replacements that enable full utilization of existing logistics infrastructure without blending limitations. By replacing crude oil, Virent is creating economic security, energy independence and a healthier world. Virent has ongoing partnerships with Cargill, Coca-Cola, Honda, and Royal Dutch Shell. In Spetember 2016, it was annonced that Virent had been acquired by Tesoro Corporation (NYSO:TSO). The two firms hasdannounced a collaboration earlier in 2016. Terms of the deal were not disclosed.. Virent has become a wholly owned subsidi
