"The alliance will research and seek to commercialize two components of a next-generation biofuel production process: a) The conversion of biomass from crops, wood or switchgrass into biocrude, a non-fossil substance that can be processed into fuel; and b) The refining of biocrude to produce transportation fuel."
http://www.conocophillips.com/newsroom/news_releases/2007+News+Releases/092707.htm
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