New Cellulosic Ethanol Partnership
BP and Verenium Corporation have announced the creation of a strategic partnership to accelerate the development and commercialization of cellulosic ethanol.
According to a Verenium press release, the partnership “combines a broad technology platform and operational capabilities in an effort to advance the development of a portfolio of low-cost, environmentally sound cellulosic ethanol production facilities in the United States, and potentially throughout the world.”
Under the initial phase of the alliance, Verenium will receive $90 million in funding from BP over the next 18 months for rights to technology within the partnership.
“BP is very pleased to be entering this important relationship with Verenium. We believe energy crops like sugar cane, miscanthus and energy cane are the best feedstocks to deliver economic, sustainable and scaleable biofuels to the world. This deal puts us at the front of the cellulosic biofuels game,” said Sue Ellerbusch, president of BP Biofuels North America.
6 Comments »
Verenium and BP Extend Agreement - Domestic Fuel
[...] two companies have extended the initial 18-month joint development program established in August 2008, which was scheduled today until March 1, [...]
Verenium and BP Extend Agreement Again - Domestic Fuel
[...] today announced another month long extension to the initial 18-month joint development program established in August 2008. The previous extension to the agreement ended today, now it will continue until April 1, 2010 as [...]
BP to Acquire Verenium’s Cellulosic Ethanol Business - Domestic Fuel
[...] been working together to accelerate the development and commercialization of cellulosic ethanol since August of 2008, in a partnership that has been extended on a month-to-month basis several times this year. Under [...]
BP to Acquire Verenium’s Cellulosic Ethanol Business | Alternative Fuel | Alternative Fuel Audio, Video & Alarms Automotive Parts Car Loans Car Restoration
[...] been working together to accelerate the development and commercialization of cellulosic ethanol since August of 2008, in a partnership that has been extended on a month-to-month basis several times this year. Under [...]
BP to Acquire Verenium’s Cellulosic Ethanol Business
[...] been working together to accelerate the development and commercialization of cellulosic ethanol since August of 2008, in a partnership that has been extended on a month-to-month basis several times this year. Under [...]
BP to Acquire Verenium’s Cellulosic Ethanol Business | Big Oil Stocks
[...] been working together to accelerate the development and commercialization of cellulosic ethanol since August of 2008, in a partnership that has been extended on a month-to-month basis several times this year. Under [...]
Comments RSS feed — TrackBack URI
Leave a Comment