Verenium (VRNM) is moving up about 8% in pre-market trading on news that another one of its edible oils, Purifine, has received China approval for sale as a processing aid in the oilseed production process in order to improve yield. The edible oils market is a $100 billion global market and China’s growth in edible oils just as it is for many industries, is growing at a fast pace. I’m not entirely sure if this … Read the rest
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Verenium (VRNM) Licenses Enzyme For Edible Oils To Bunge (BG), Shares Breaking Out
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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