Verenium just announced that its Galaxy joint development program with BP will continue for an additional month, ending April of this year while the two companies continue to negotiate a long term agreement for developing and commercializing cellulosic ethanol. To continue the current agreement through March, BP will provide Verenium with another $2.5 million.

In a press release, Carlos A. Riva, President and Chief Executive Officer at Verenium, said that “Both Verenium and BP remain … Read the rest