Vereium

  • BP Buys Verenium's Biofuel Business For $98 Million

    BP Buys Verenium's Biofuel Business For $98 Million

    As oil continues to spill in the Gulf of Mexico, BP is looking towards alternatives such as biofuels. BP announced today that it will acquire the cellulosic biofuels business of Verenium. The $98.3 million deal includes Verenium's biofuel facilities in Jennings, LA and San Diego, CA. But it doesn't include Verenium's commercial enzyme business, and allows Verenium to develop its own… Read More