Verenium and BP Extend Agreement Again
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Posted by Cindy Zimmerman – March 1st, 2010
Verenium and BP are continuing to work on a month to month basis toward the development and commercialization of cellulosic ethanol.
The two companies 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 the parties continue negotiations for a longer-term collaboration. In the meantime, Verenium gets another $2.5 million from BP to co-fund the cellulosic ethanol program for the month of March.
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BP to Acquire Verenium’s Cellulosic Ethanol Business - Domestic Fuel
[...] ethanol since August of 2008, in a partnership that has been extended on a month-to-month basis several times this year. Under the agreements, BP was funding Verenium’s cellulosic ethanol program as they continued [...]
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