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 the news:
While a several month-long delay isn’t a big deal, all of the cellulosic ethanol makers have been racing to be the first to build commercial plants in the U.S., so this push back could put the company behind competitors.
Cellulosic ethanol maker Range Fuels is expected to be building the first commercial cellulosic ethanol plant in the U.S. later this year. In this morning’s release, Verenium calls its first plant “one of the nation’s first commercial-scale cellulosic ethanol facilities.”
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