July 19, 2010

Verenium sells cellulosic ethanol to BP

Another big news last week is the exit of Verenium from cellulosic ethanol as the company announced the sale of this business to BP.

Verenium said it will focus on the enzymes market instead. According to the company, cellulosic ethanol is still a big potential market but it needs large organizations with resources and capabilities such as its current partner BP to advance and build commercial plants.

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