CAMBRIDGE, Mass., April 3 /PRNewswire-FirstCall/ -- Verenium Corporation (Nasdaq: VRNM), a pioneer in the development of high-performance specialty enzymes and next-generation cellulosic ethanol, today announced that following the successful commissioning of Verenium's demonstration-scale facility in Jennings, Louisiana, and the recent announcement of a commercial joint venture with BP, Verenium is now consolidating its research and development (R&D) organization, including the pilot and demonstration-scale biofuels operations in Jennings, Louisiana, under Gregory Powers, Ph.D., Executive Vice President, R&D. This new organizational structure provides Verenium with a unique set of integrated R&D assets from the laboratory through a 1.4 million-gallon-per-year demonstration-scale facility for the efficient development, implementation and testing of its biofuels technologies.
As a result of this organizational change, John R. Malloy, Executive Vice President of Biofuels, has left the Company to pursue other opportunities. He will continue to serve as a consultant to the Company.
"I'd like to thank John for his leadership, dedication and significant contributions to Verenium's biofuels development efforts; we wish him all the best and continued success in his future endeavors," said Carlos A. Riva, President and Chief Executive Officer of 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 an
|SOURCE Verenium Corporation|
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