Verenium’s 1-12 stock split leads to temporary NASDAQ symbol change

In Massachusetts, Verenium announced a 1-12 stock split became effective on September 10th. Verenium’s shares will continue to trade on the NASDAQ Global Market under the symbol “VRNM”, with the letter “D” added to the end of the trading symbol for a period of 20 trading days to indicate the reverse stock split has occurred.
The [...]

September 11, 2009 | Jim Lane | Comments 0

BP to establish joint venture with Verenium for cellulosic ethanol; invests additional $22.5 million

In Massachusetts, BP has invested an additional $22.5 million in Verenium and formed a joint venture with the cellulosic ethanol pioneer to commercialize Verenium’s cellulosic ethanol technology.
BP’s $112.5 million total investment in Verenium is the largest by an oil major in an advanced biofuels company, and will provide the funding basis for a commercial scale [...]

February 20, 2009 | Jim Lane | Comments 2

Special Report on Cellulosic Ethanol: Verenium leaps into lead in race for commercial-scale CE, with 36 Mgy Florida project

The question of who would announce the first commercial-scale ethanol project has been the subject of intense speculation. Many observers looked to the rumored Coskata 100 Mgy sugar waste-to-ethanol project as the one that would get out of the blocks first. The scuttlebutt had the location right: Florida will be home to the first project [...]

January 19, 2009 | Jim Lane | Comments 0

Verenium to launch largest commercial-scale cellulosic ethanol plant; $250 million 36 Mgy Florida project starts this year

In Florida, Verenium announced that it would commence construction of what it termed the first commercial-scale cellulosic ethanol plant. The facility will be located in Highlands County, between Orlando and Lake Okeechobee.
The company said that it would receive $7 million in support for the project from the state of Florida’s Farm-to-Fuel fund, and expected to [...]

January 16, 2009 | Jim Lane | Comments 0

Verenium gets greenlight for 36 Mgy cellulosic ethanol plant in Florida

In Florida, local authorities in Tampa gave the green light for a 36 Mgy cellulosic ethanol plant by Verenium. The new plant will cost $350 million in construct, and will create 65 full-time jobs. The plant will utilize 400,000 tons of (primarily) sugar cane that] will be supplied by Lykes Brethers from their 35,000 acre [...]

December 24, 2008 | Jim Lane | Comments 0

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