BP (BP) & Verenium (VRNM) Cellulosic Ethanol Venture To Be Named Vercipia Biofuels

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10:49:13 pm on July 29, 2009

The joint venture between BP and Verenium (VRNM) to develop commercial scale cellulosic ethanol will be named Vercipia Biofuels and headquarters will be located to Highlands County, Florida the companies have announced.  A second site is being developed in the Gulf Coast region.

“I continue to be pleased and enthusiastic with the progress our joint venture – Vercipia – has made in only a few short months, and I look forward to a highly productive and successful next two years as we move toward bringing a first commercial facility into production,” said Carlos Riva, President and Chief Executive Officer at Verenium.

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