Verenium extends ethanol project with BP

Bloomberg Business Week
The Associated Press
April 1, 2010, 4:29PM ET
CAMBRIDGE, Mass.

Ethanol developer and maker Verenium Corp. said on Thursday that it extended a joint development project with energy company BP for an additional four months.

The two companies will continue collaborating on technologies related to making ethanol from nonfood sources such as grasses. That type is called cellulosic ethanol.

As part of the deal, Verenium will receive $2.5 million per month from BP to continue to fund the program.

Read more