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Verenium Announces First Commercial Cellulosic Ethanol Project
Date:1/15/2009

production from biomass, and we believe that it will offer significant benefits for the U.S. and for agriculture throughout Florida. It is exciting to join in a project using cellulosic ethanol technology pioneered at the University of Florida Institute of Food and Agricultural Science, and we are very pleased to work with Verenium on this project."

Verenium's conversion process originated from the landmark technology developed by a team led by Dr. Lonnie Ingram at the University of Florida.

The grant agreement, which Verenium and Florida Commissioner of Agriculture and Consumer Services Charles Bronson will discuss at a press briefing at the Florida State Capitol in Tallahassee today, follows Verenium's success at its pilot- and demonstration-scale plants in Jennings, La., where the Company has been developing and testing processes to optimize production and lower the cost of making cellulosic ethanol.

Separately, in August Verenium announced a strategic partnership with BP, an international energy company and leader in alternative energy, to speed the development of its cellulosic ethanol technology. Verenium and BP are currently focusing on a second phase of collaboration surrounding the development and deployment of commercial-scale cellulosic ethanol production facilities.

Cellulosic Ethanol

Cellulosic ethanol is a renewable fuel source produced from natural, plant waste products and dedicated energy feedstocks such as sugarcane waste (bagasse), switchgrass, sorghum, rice straw and wood chips. Cellulose, a long-chain polysaccharide found in nearly all plant life, is the most abundant organic polymer on earth. The Environmental Protection Agency says cellulosic ethanol's high-oxygen content reduces carbon monoxide better than other oxygenates.

Next-generation cellulosic ethanol uses advanced enzyme science to reduce the cost of ethanol
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SOURCE Verenium Corporation
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