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BP and Verenium Announce Vercipia Biofuels to Advance the Commercialization of Cellulosic Ethanol
Date:7/29/2009

renewable transportation biofuel developed from dedicated energy crops and grasses. Vercipia is the commercial entity for the deployment of technology being developed under the first phase of the BP-Verenium partnership and brings together the entrepreneurial technology expertise of Verenium with the global engineering and operations experience of BP. These shared resources are developing one of the first fully-integrated commercial plants in the U.S. and expect to add additional capacity in the Gulf Coast region in the coming years. Vercipia plans to break ground on its first commercial plant in Highlands County, Florida in 2010. For more information on Vercipia, please visit www.vercipia.com.

About Verenium

Verenium Corporation is a leader in the development and commercialization of cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as high-performance specialty enzymes for applications within the biofuels, industrial, and animal health markets. The Company possesses integrated, end-to-end capabilities and cutting-edge technology in pre-treatment, novel enzyme development, fermentation and project development for next-generation biofuels. Through Vercipia, the Company is moving rapidly to commercialize cellulosic technology for the production of ethanol from a wide array of non-food feedstocks, including dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars. For more information on Verenium, visit www.verenium.com.

About BP

BP is of one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical
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