A team of University of California-Berkeley students and faculty, presenting an intriguing technology for creating bio-diesel fuel, has snagged the $25,000 top prize in a university contest sponsored by Intel Capital.
Aurora BioFuels, an alternative energy company, won both the first prize and the People's Choice Award at the finals for the eighth annual University of California-Berkeley Business Plan Competition, the university said.
According to UC-Berkeley, Aurora BioFuels has developed a way to create bio-diesel fuel with yields that are 125 times higher and have 50 percent lower costs than current production methods.
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