Verenium Corporation ( VRNM ) - Worth A Look
A unique company with field to pump capabilities.
Verenium Corporation engages in the development and production of specialty enzyme products, and production and commercialization of biofuels. It operates in two segments, Biofuels and Specialty Enzymes.
Verenium’s Biofuels Business Unit combines world-class enzyme science with expertise in complex large-plant infrastructure, evidenced by our pilot and demonstration-scale facilities in Jennings, Louisiana. - Visit Verenium here
Today’s announcement that Exxon Mobil makes its first big investment into the bio-fuel industry may signal time for the individual investor with a long term outlook to begin investigating some of the small companies that specialize in using alternative sources to produce the fuel our nation will need in the future.
Most of these companies are a risky proposition at best but some have sound technologies that may play an important part in the future of our nation’s fuel needs. Although Verenium Corporation (VRNM ) is currently trading at only .55 a share we think this company is well worth a look for the long term investor as the Obama administration continues the push toward clean energy and less dependency on oil based fuels.
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Verenium already has an alliance with BP.
The BP-Verenium Joint Venture
The joint venture (JV) between BP and Verenium is a 50/50 JV between two world-class energy leaders for the commercialization of next-generation cellulosic ethanol, a non-food-based, renewable transportation biofuel. The JV will act as the commercial entity for the deployment of cellulosic ethanol technology being developed and proven under the first phase of the BP-Verenium partnership, announced last August. With plans to add additional capacity, the JV also intends to develop a second site in the Gulf Coast region. http://ir.verenium.com/phoenix.zhtml?c=81345&p=RssLanding&cat=news&id=1302478
This stock should be much higher and soon will be.
Very interesting to read of the D of E’s positive interest in what they do. Thanks for the link, Sinclair. I hope we see you around the community forum to discuss VRNM more.
Welcome.
News released after the bell has VRNM moving in AH:
prnewswire
BP and Verenium Announce Vercipia Biofuels to Advance the Commercialization of Cellulosic Ethanol
* Press Release
* Source: Verenium Corporation
* On Wednesday July 29, 2009, 4:05 pm EDT
*
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CAMBRIDGE, Mass., July 29 /PRNewswire-FirstCall/ — BP and Verenium Corporation (Nasdaq: VRNM - News) today announced that its 50-50 joint venture company will operate under the name Vercipia Biofuels, and plan to relocate its corporate headquarters to Florida. Vercipia continues to focus on the development of one of the nation’s first commercial-scale cellulosic ethanol facilities, located in Highlands County, Florida. The company is also developing a second commercial-scale cellulosic ethanol site in the Gulf Coast region
“I continue to be pleased and enthusiastic with the progress our joint venture - Vercipia - has made in only a few short months, and I look forward to a highly productive and successful next two years as we move toward bringing a first commercial facility into production,” said Carlos Riva, President and Chief Executive Officer at Verenium.
“BP’s ‘all of the above’ approach to meeting America’s future energy needs includes a significant investment in biofuels development, as this project demonstrates,” said Susan Ellerbusch, President of BP Biofuels North America. “We believe Vercipia will be a key player in the biofuels supply chain in the coming years.”
Since announcing the formation of the joint venture company in February, Vercipia has applied for and been selected to move forward with due diligence on a Department of Energy (DOE) Loan Guarantee for the Highlands project, which is now underway. In addition, the team has continued to advance development activity in Florida and on a second site in the Gulf Coast region.
About Vercipia
Vercipia is a 50-50 joint venture (JV) between BP and Verenium. It is a partnership between two world-class energy leaders for the commercialization of next-generation cellulosic ethanol, a renewable transportation biofuel developed from dedicated energy crops and grasses. Vercipia is the commercial entity for the deployment of technology being developed under the first phase of the BP-Verenium partnership and brings together the entrepreneurial technology expertise of Verenium with the global engineering and operations experience of BP. These shared resources are developing one of the first fully-integrated commercial plants in the U.S. and expect to add additional capacity in the Gulf Coast region in the coming years. Vercipia plans to break ground on its first commercial plant in Highlands County, Florida in 2010. For more information on Vercipia, please visit http://www.vercipia.com.
About Verenium
Verenium Corporation is a leader in the development and commercialization of cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as high-performance specialty enzymes for applications within the biofuels, industrial, and animal health markets. The Company possesses integrated, end-to-end capabilities and cutting-edge technology in pre-treatment, novel enzyme development, fermentation and project development for next-generation biofuels. Through Vercipia, the Company is moving rapidly to commercialize cellulosic technology for the production of ethanol from a wide array of non-food feedstocks, including dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars. For more information on Verenium, visit http://www.verenium.com.
About BP
BP is of one of the world’s largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. It is the largest oil and gas producer in the U.S. and one of the largest refiners. BP is also a leading player in the global biofuels market. Since 2006, BP has announced investments of more than $1.5 billion in biofuels research, development and operations. This includes partnerships with other companies to develop the technologies, feedstocks and processes required to produce advanced biofuels and $500 million over 10 years in the Energy Biosciences Institute (EBI), at which biotechnologists are investigating applications of biotechnology to energy. http://finance.yahoo.com/news/BP-and-Verenium-Announce-prnews-1688300331.html?x=0&.v=1