 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Cambridge MA (SPX) Feb 11, 2010 Verenium has announced that it has extended the initial 18-month joint development program established in August 2008 with partner BP, which was scheduled to expire on February 1, 2010, until March 1, 2010. BP and Verenium will continue their ongoing joint development work to accelerate the development and commercialization of cellulosic ethanol, while the two parties continue to negotiate the terms of a multi-year extension of their collaboration program. Verenium will receive an additional $2.5 million from BP to co-fund various scientific and technical initiatives for the month of February. "We are very pleased with the success we've had over the 18-month Galaxy collaboration and are enthusiastic about expanding this technology development partnership with BP. We continue to focus on our vision for evolving cellulosic ethanol as a viable solution to complement our energy needs," said Carlos A. Riva, President and Chief Executive Officer at Verenium. The material terms of this amended agreement are described in more detail in the Company's Current Report on Form 8-K filed on February 1, 2010 with the Securities and Exchange Commission. The Company expects to announce the outcome of negotiations with BP to further extend their collaboration program within the coming weeks.
Share This Article With Planet Earth
Related Links Verenium Bio Fuel Technology and Application News
US Soy Delivers Environmental And Energy BenefitsWashington DC (SPX) Feb 11, 2010 The United Soybean Board (USB) released a new peer-reviewed life cycle profile that documents multiple energy and environmental benefits of U.S. soybean farming and processing. It confirms why manufacturers are increasingly using U.S. soy in green chemistry for a wide array of biobased products. Renewable by nature, U.S. soy is used as an ingredient in a diverse group of biobased products. ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook