Verenium (VRNM) Licenses Enzyme For Edible Oils To Bunge (BG), Shares Breaking Out

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10:46:17 am on October 12, 2010

Verenium (VRNM) is breaking out with heavy volume today on news it has licensed a new enzyme for use in the production of edible oil products to Bunge Oils, a subsidiary of Bunge Limited (BG).  The enzyme was developed as part of the R&D agreement with Bunge to develop edible oils such as cooking oil, shortening, margarines and other products derived from soybeans and corn.

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“The demand for oil products with a better nutritional profile is strong and continues to grow,” said Rodney Perry, Vice President and General Manager of Bunge Oils. “As the world’s largest oilseed processor, Bunge relies on cutting-edge technology in order to effectively serve our customers’ needs. Our strategic partnership with Verenium will help us continue to bring innovative products to market.”

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