Bunge, Verenium sign pact to launch new Purifine enzyme for biodiesel processing

In Missouri, Bunge announced that it will become the process implementation partner in the launch of Verenium’s new Purifine enzyme for seed oil refining. Bunge has been expanding its biodiesel operations in Brazil and Argentina.

Verenium is a research and development company working on cellulosic ethanol technologies, formed last year by a merger of Celunol and Diversa. The company recorded $49 million in revenues in 2006.

In September, NASDAQ added Verenium to the Nasdaq Clean Edge U.S. Index (CLEN) and the NASDAQ Clean Edge U.S. Liquid Series Index (CELS).

Verenium filed a $150 million shelf offer with the SEC in support of a new capital raise. The company says that it plans to sell 3 million shares at $50 to raise $150 million in new equity, although it did not announce a date.

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