Volkswagen and Daimler plunk money into biofuels
German auto giants Volkswagen and Daimler have taken minority shares in renewable-energy specialist Choren Industries, which has developed a process for turning leftover agricultural products and other biomass into liquid fuel.
Choren is currently building a beta plant in Freiberg, Germany, that will produce about 15,000 metric tons of fuel a year. That's enough to provide fuel for 15,000 drivers for an entire year. It then hopes to follow up with a production plant that can crank out 200,000 metric tons of fuel. Ten to fifteen of these plants, Choren estimates, could cut up to 3 … Read more