SAN ANTONIO, Texas-(Salon.com)--Massive oil refiner Valero Energy has been taking stakes in biofuel startups over the last year, including algae fuel maker Solix Biofuels, and cellulosic ethanol maker ZeaChem.But now the company has a different sort of biofuel assets in mind - not next-gen technology, but the corn ethanol plants of bankrupt ethanol producer VeraSun.
VeraSun said late Friday that it is in the process of selling all of its assets to Valero for $280 million.
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