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As big businesses and consumers slowly realize that oil prices won't drop precipitously anytime soon, biofuels and biochemicals have begun to look ever more attractive. But up until now, there hasn't been a truly cost-effective way to to make fuel and chemicals out of biomass (i.e switchgrass, woodchips, and other nonedible crops). Enter Renmatix , a Kleiner Perkins-backed startup that emerged from stealth mode today.
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