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 health and nutrition markets. The Company possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of ethanol from a wide array of feedstocks, including sugarcane bagasse, 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.
Verenium's Specialty Enzyme business harnesses the power of enzymes to create a broad range of specialty products to meet high-value commercial needs. Verenium's world class R&D organization is renowned for its capabilities in the rapid screening, identification, and expression of enzymes-proteins that act as the catalysts of biochemical reactions.
Verenium recently completed a significant upgrade of one of the
nation's first operational cellulosic ethanol pilot facilities located in
Jennings, Louisiana and expects to achieve mechanical completion of a 1.4
million gallon-per-year, demonstration-scale facility to produce cellulosic
ethanol by the first quarter of 2008. In addition, the Company's process
technology has been licensed by Tokyo-based Marubeni Corp. and Tsukishima
Kikai Co., LTD and has been incorporated into BioEthanol Japan's 1.4
million liter-per-year cellulosic ethanol plant in Osaka, Japan -- the
world's first commercial-scale plant to produce cellulosic ethanol from
|SOURCE Verenium Corporation|
Copyright©2007 PR Newswire.
All rights reserved