Tag Archives: cellulosic ethanol

Verenium (VRNM) Gets $4.9M More From DOE For Demonstration-Scale Facility

Verenium just announced that they have received an additional $4.9M from the U.S. Department of Energy for its demonstration-scale cellulosic ethanol facility in Jennings, LA. The money, an extension of a previously-awarded grant, will be used to improve the biorefining process used at the plant.

In a press release, Carlos A. Riva, President and Chief Executive Officer at Verenium, commented on the news:

“We are very pleased to receive this additional funding from the … Read the rest

Government Driven Investing – Carbon Capture & Sequestration & Cellulosic Ethanol Plays: PEIX, GPRE, VRNM, BIOF, PX

The following article is republished with permission from Cabot and written by Andy Obermueller of Government-Driven Investing.

The President’s health care initiative rests on a shelf with little talk in Congress about what’s next for the sweeping overhaul. At the same time, Mr. Obama has re-positioned the chessboard for his climate-control bill, suggesting at a town-hall meeting in Nashua, New Hampshire, last Tuesday that the legislation might need to be split: One bill would contain … Read the rest

Verenium Corporation Signs Agreement With VPP To Develop Ethanol From Paper/Pulp Wastes

Verenium Corporation just announced that it has signed an agreement with Value Prior to Pulping (VPP), an organization that is a special project between the American Forest and Paper Association and Cleantech Partners, Inc. Under the agreement, the two organizations will work together to try out Verenium’s C5 technology to see how well it works for making ethanol from hemicelluloses created during the pulp and paper process.

If it works, an average kraft mill (producing … Read the rest

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

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 … Read the rest

Verenium (VRNM) Announces Partnership With Add Food Service GmbH

Verenium just announced a partnership with Add Food Service GmbH. Under the multi-product distribution agreement, Add Food Service GmbH will distribute two of Verenium’s specialty enzyme products, Fuelzyme and Veretase, in locations outside of the US, including Europe. These enzymes are used to liquefy starches for use in cellulosic ethanol as well as foods and beverages.

In a company press release, Janet Roemer, Verenium’s Executive Vice President, Specialty Enzymes Business, commented on the … Read the rest

Verenium (VRNM), BP Cellulosic Ethanol Highlands Parternship In Line For DOE Funding

The Verenium (VRNM) and BP cellulosic ethanol, 50/50 joint venture, now has the government behind it if the due diligence process goes well.  The companies announced today that their Highland project in Florida has been selected by the US Dept of Energy to enter into the due diligence phase of its loan guarantee program, which may provide guarantees for project debt covering up to 80% of costs.  They are expected to break ground on the … Read the rest

Verenium (VRNM) And BP (BP) To Start Next Phase Of Loan Negotations With DOE

BP and Verenium just announced that they have been selected by the Department of Energy to begin the next phase of negotiations for the DOE loan guarantee program. If BP and Verenium are approved, the government may guarantee up to 80% of loans needed to finance their jointly-owned cellulosic ethanol project, scheduled to start construction next year.

In a company press release, executives from both companies commented on the news:

“We are thrilled to … Read the rest

Obama Setting Up Biofuels Interagency: GNH, BIOF, PEIX, VRNM, GPRE Explode Higher

Put all ethanol/biofuel stocks on the radar.  Today the Obama administration announced  the creation of the Biofuels Interagency Working Group and announced $786.5 million in Recovery Act funds for renewable fuel projects. 

“We must invest in a clean energy economy that will lead to new jobs, new businesses and reduce our dependence on foreign oil,” said President Obama.  “The steps I am announcing today help bring us closer to that goal.  If we are to … Read the rest

Verenium (VRNM) Begins Joint Venture With BP (BP) But Puts New Plant On Hold

Verenium and BP are moving forward on a joint venture to produce cellulosic ethanol. However, even with the $45 million investment dollars that Verenium gained as part of the deal, Earth2Tech reports that Verenium will still have to put its proposed cellulosic ethanol plant on hold. The company had originally expected to begin construction this year, but now expects to start work on the plant in 2010 instead.

Here are some of Earth2Tech’s comments on … Read the rest