Valero Energy Corp. is leading the first round of equity financing for a Houston startup company trying to commercialize a process to convert municipal solid waste into gasoline.

Terrabon LLC has developed an acid fermentation technology that converts biomass, including municipal solid waste, into gasoline. Its Bryan, Texas, Advanced Biofuels Research Facility uses the technology to process nonfood biomass into chemicals, such as acetic acid and ketones, which can be made into gasoline.

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