Range Fuels, funded primarily by greentech venture capital companies, specializes in converting biomass, such as wood and grass, into ethanol fuel. The company's leadership team brings together expertise from various industries, including oil, chemical, renewable fuel, and pulp and paper. By utilizing emerging clean energy technologies, Range Fuels aims to produce ethanol from biomass, which is a renewable energy resource that does not contribute to greenhouse gas emissions. The company's biomass conversion process involves gasification to produce syngas, which is then converted into ethanol using catalysts.