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Verenium Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2007
Date:11/6/2007

Energy and potentially

Department of Agriculture) for first-generation commercial-scale

cellulosic ethanol plants;

-- A more generous tax credit for the first producers of cellulosic

ethanol (up to 2.5x the $0.51/gallon level available to blenders

for using grain ethanol);

-- A potential carve-out within the Renewable Fuel Standard

(mandated blend market) that now applies to ethanol, and that

would be available specifically and exclusively for cellulosic

ethanol; and

-- As part of the farm bill debate, the potential for significant

assistance to help farmers move out of traditional agriculture

into higher-margin energy crop production.

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 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 expres
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SOURCE Verenium Corporation
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