Verenium, BP close $98.3M sale of Vercipia
In Massachusetts, Verenium Corporation (VRNM) , a pioneer in the development and commercialization of high-performance industrial enzyme solutions, today announced the closing of the sale of its cellulosic biofuels business to BP Biofuels North America for $98.3 million, subject to the additional financial terms of the transaction announced on July 15, 2010.
In the transaction, BP acquired the Company’s facilities in Jennings, LA, including the pilot plant and demonstration-scale facility, the San Diego, CA R&D facilities, as well as cellulosic biofuels and cellulosic enzyme technology and related IP.
Related Articles
Category: Producer News
FREE Subscription
If you enjoyed this article, subscribe to receive the Biofuels Digest email newsletter - the world's most widely read biofuels daily.
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.