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

Posted by Tate Dwinnell | # |
10:30:04 am on April 22, 2010

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 DOE, particularly given the critical work currently being performed at Jennings to optimize our cellulosic process. I believe this award demonstrates further the DOE’s support for our technology and commitment to developing a cellulosic ethanol supply industry.”

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