We introduce a dissipative particle dynamics scheme for the dynamics of
non-ideal fluids. Given a free-energy density that determines the
thermodynamics of the system, we derive consistent conservative forces. The use
of these effective, density dependent forces reduces the local structure as
compared to previously proposed models. This is an important feature in
mesoscopic modeling, since it ensures a realistic length and time scale
separation in coarse-grained models. We consider in detail the behavior of a
van der Waals fluid and a binary mixture with a miscibility gap. We discuss the
physical implications of having a single length scale characterizing the
interaction range, in particular for the interfacial properties.Comment: 25 pages, 12 figure