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Verenium Corporation (VRNM)

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Last Post: 9/22/2013 9:07:31 PM - Followers: 11 - Board type: Free - Posts Today: 0

This board is for fundamental and technical discussion about Verenium Corporation, VRNM.

Verenium Corporation, formerly Diversa Corporation, is engaged in biomolecule discovery. The Company employs its enzyme discovery and evolution technologies to enable higher throughput and improved environmental outcomes. In addition to its internal and partnered research and development programs, the Company has a portfolio of commercialized enzyme products, as well as several late-stage product candidates. The Company's key areas of focus for internal product development are integrated solutions for the production of cellulosic biofuels, such as cellulosic ethanol, and specialty enzymes for biofuels, specialty industrial processes, and health and nutrition. It has formed alliances with companies, such as BASF, Bunge Oils, Cargill Health and Food Technologies, DSM, DuPont Bio-Based Materials, Syngenta AG, and Xoma, to complement its internal product development efforts. The Company has two inactive subsidiaries: Innovase LLC and TNEWCO Inc.

Verenium Corporation is a leader in the development and the commercialization of cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as higher performance specialty enzymes for applications within the biofuels, industrial, and animal nutrition and health markets.

Integrated capabilities: our competitive edge

The Company possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of cellulosic ethanol from a wide array of feedstocks, including sugarcane bagasse, 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.

Verenium’s Specialty Enzyme business harnesses the power of enzymes to create a broad range of specialty products to meet high-value commercial needs. Verenium’s world class R&D organization is renowned for its capabilities in the rapid screening, identification, and expression of enzymes that act as the catalysts of biochemical reactions.

Cellulosic ethanol: first mover advantage

Verenium operates one of the nation’s first cellulosic ethanol pilot plants, an R&D facility, in Jennings, Louisiana and has recently entered the start-up phase at its 1.4 million-gallon-per-year demonstration-scale facility. In addition, the Company’s process technology has been licensed by Tokyo-based Marubeni Corp. and Tsukishima Kikai Co., LTD and has been incorporated into BioEthanol Japan’s 1.4 million liter-per-year cellulosic ethanol plant in Osaka, Japan -- the world’s first commercial-scale plant to produce cellulosic ethanol from wood construction waste.

Verenium and Marubeni are continuing to advance the commercialization of cellulosic ethanol projects utilizing Verenium’s proprietary technology in Asia with the opening of a three million-liter-per-year plant in Saraburi, Thailand. The cellulosic plant in Thailand is co-located with a facility that will produce ethanol from sugar-cane derived sucrose, which is widely abundant in the region.                                   


Verenium Corporation                                  Verenium Corporation                                  Verenium Biofuels, LLC       
55 Cambridge Parkway,                                  8th Floor   4955 Directors Place                        PO Box 389
Cambridge, MA 02142                                    San Diego, CA 92121                                       11107 Campbell Wells Road
TEL: 617.674.5300                                          TEL: 858.526.5000                                          East Highway 90
                                                                                                                                                   Jennings, LA 70546
                                                                                                                                                   TEL: 337.785.4500





The plant will make ethanol from energy cane, a variety of sugar cane bred specifically for ethanol production.

Verenium owns a robust intellectual property portfolio with patents covering our key technologies in the discovery, optimization, production and use of novel protein-based products. In addition, we maintain numerous composition of matter patents covering our novel enzyme products and product candidates. Verenium currently has over 300 issued patents and over 400 patents pending (as of June 2008).

Selected Patents
5,939,250 Production of enzymes having desired activities by mutagenesis. 5,958,672 Protein activity screening of clones having DNA from uncultivated microorganisms 6,001,574 Production and use of normalized DNA libraries 6,168,919 Screening methods for enzymes and enzyme kits 6,171,820 Saturation mutagenesis in directed evolution 6,280,926 Gene expression library produced from DNA from uncultivated microorganisms and methods for making the same 6,344,328 Method for screening for enzyme activity 6,455,254 Sequence based screening 6,537,776 Synthetic ligation reassembly in directed evolution 6,632,600 Altered thermostability of enzymes

Verenium Facilities

Located on a 140-acre company-owned site are Verenium’s Pilot and Demostration-scale plants.

Pilot Plant:
Verenium operates a cellulosic ethanol pilot plant, a real-time research and development facility, in Jennings, Louisiana. Opened in 1999, the facility was capable of CF hemicellulose fermentations. During 2006 the company completed extensive upgrades on the pilot facility, enabling it to conduct combined C5 and C6 fermentations. The Jennings pilot facility is capable of processing approximately two tons of biomass per day into ethanol. It is operated as an R&D facility to improve the company’s process technology and to validate the company’s process on a wide variety of biomass feedstocks.

Demonstration Plant:
Next door to the pilot facility, Verenium has recently achieved mechanical completion of a 1.4 million gallon per year demonstration-scale plant - the first of its kind in the nation. Over the next few months, more than forty separate systems will be electronically energized. Operating teams have begun evaluations, and the project will move to validate the implementation of Verenium’s process and technology. By year-end, Verenium will move to fully optimize the demonstration plant.

Commercial Projects:
Preparations are being made for Verenium’s first commercial-scale facilities, which are expected to produce 30 million gallons of ethanol per year. With the optimization of Verenium’s pilot and demo plants, the commercial plant development program is underway. Currently, a variety of sites are being explored for plant development in Florida, Louisiana, and Texas.

Osaka, Japan:
In addition, the Company’s process technology has been licensed by Tokyo-based Marubeni Corp. and Tsukishima Kikai Co., LTD and has been incorporated into BioEthanol Japan’s 1.4 million liter-per-year cellulosic ethanol plant in Osaka, Japan -- the world’s first commercial-scale plant to produce cellulosic ethanol from wood construction waste.

Developing A Pipeline of Commercial Projects Implementing First-Generation Cellulosic Ethanol Technology

Verenium is advancing the strategic development of a pipeline of sites in the Gulf region of the U.S. for its first series of commercial facilities.
Verenium’s Commercial Development team is actively working on developing a series of projects for 30 to 60 million gallon per year commercial-scale cellulosic ethanol facilities in the US Gulf region. Ultimately, the Company plans to expand its development globally, however, its initial focus is in the Gulf region, given the proximity to areas with strong growing conditions for high biomass dedicated energy crops and in some cases sugarcane bagasse.

As projects are being developed, critical areas of activity will focus on site feasibility, permitting, feedstock supply agreements, other commercial agreements, and financing. The current projects that the Company has under development in the Gulf region have the following key attributes:

Energy crops and sugar cane bagasse feedstocks
Local agricultural partners
Good logistical interfaces
Potential options for co-locating with other facilities
Partnerships are key
As the Company continues to develop commercial projects, bringing partners into the mix will be a critical component of the overall strategy. The goals of these partnership arrangements will be to bring additional, specialized skills into the value chain, particularly in the areas of agronomics, engineering and construction, and marketing / off take as a means for helping to both de-risk and accelerate the development of each project.

Verenium expects to continue to advance a pipeline of multiple sites, and to have its first commercial plant ready for construction by the middle of 2009.

ThinkEquityLLC Audio:







New Secretary of Energy on cellulosic ethanol:



Power Point Presentation:








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#1044   look at all the law firms questioning the ChrisJP 09/22/13 09:07:31 PM
#1043   Happy Dance! rocarico 09/20/13 09:39:51 AM
#1042   VRNM agrees to be bought by BASF ! ChrisJP 09/20/13 08:17:44 AM
#1041   wow somebody decided to dump some shares today ! ChrisJP 09/18/13 01:50:22 PM
#1040   Yay ! ChrisJP 08/06/13 10:26:00 AM
#1038   Conference call today.... Street41 08/06/12 06:42:16 PM
#1037   Up over 50% since last post! missionsman 04/20/12 12:12:41 AM
#1036   Verenium spikes 20% in pre-market trading; co announced mlkrborn 03/26/12 11:27:56 AM
#1035   ~ Monday! $VRNM ~ Earnings posted, pending or Penny Roger$ 02/27/12 04:28:47 AM
#1034   well looks like VRNM ended up exactly as Trinityz1 02/10/11 05:50:18 AM
#1033   What the hell is wrong with this POS stock? tombrady12nh 01/07/11 08:37:50 AM
#1032   What the hell is wrong with this POS stock? tombrady12nh 01/07/11 08:37:50 AM
#1031   Is this stock really good for the long Investor2 11/25/10 01:12:28 PM
#1030   Very True... IMHO, 10$ EOY! heavenlyton 10/21/10 06:34:56 AM
#1029   Yahoo!!!!!!!! tombrady12nh 10/20/10 06:48:19 PM
#1028   Finally seeing this stock's true potential. Nice day, longs! franklinsmith 10/20/10 04:12:07 PM
#1027   Verenium Corporation Edgar2010 10/20/10 01:30:34 PM
#1026   ANOTHER NICE DAY-is something up tombrady12nh 09/22/10 01:33:59 PM
#1025   Nice Day today! tombrady12nh 09/21/10 03:12:34 PM
#1024   Last Friday was the closing of the BP armxlx 09/09/10 04:56:21 PM
#1023   Why is this going to sky rocket? Please SuperDanielPlus 09/09/10 02:10:05 PM
#1022   I think you're right, it's time to buy. tombrady12nh 09/03/10 07:50:01 PM
#1021   Today is the day we were all waiting armxlx 09/03/10 09:07:33 AM
#1020   optimistic for the long term, no? pennystockbrad 07/22/10 05:00:32 PM
#1019   that's probably just the start.... Trinityz1 07/22/10 11:07:01 AM
#1018   and the pps is falling hard...... pennystockbrad 07/22/10 11:05:23 AM
#1017   VRNM is pretty quiet now that the one Trinityz1 07/21/10 12:11:07 AM
#1016   What do you mean simple math? It doesn't pennystockbrad 07/16/10 10:37:43 AM
#1015   yep, any longs here who stand to make Trinityz1 07/16/10 09:55:34 AM
#1014   ,,,,,,,Goodnight...Have a plane to catch tomorrow...vacation time. Finally!! MONEYMADE 07/16/10 03:54:53 AM
#1013   Your not the only one who shorted...why do MONEYMADE 07/16/10 03:53:05 AM
#1012   I prefer to take the money and run Trinityz1 07/16/10 03:50:50 AM
#1011   Trinity,,,Tomorrow look for pullback...& entry. MONEYMADE 07/16/10 03:31:08 AM
#1010   It's by simple math....the company now has 123 supyoscn 07/15/10 09:47:04 PM
#1009   wow, that's a little unnecessary. Please explain to pennystockbrad 07/15/10 09:38:18 PM
#1008   Nice move. EDWARD STEVENSON 07/15/10 09:16:07 PM
#1007   So If i was to invest based on supyoscn 07/15/10 05:08:55 PM
#1006   Are you a moron??? That is in supyoscn 07/15/10 05:02:33 PM
#1005   nicely done! Trinityz1 07/15/10 04:39:21 PM
#1004   Either way, VRNM sold it's bio-fuels for $98mil pennystockbrad 07/15/10 04:25:41 PM
#1003   yup...something just didn't seem right with it which ThatStockGuy 07/15/10 02:51:54 PM
#1002   BP's just hiding money for a select few, imo Trinityz1 07/15/10 01:19:03 PM
#1001   obviously there was some value but that appears Orvis 07/15/10 12:48:20 PM
#1000   Well, BP needs to worry about bailing their ThatStockGuy 07/15/10 12:22:40 PM
#999   CORRECTION: http://www.bp.com/bodycopyarticle.do?categoryId=1&contentId=7052055 ThatStockGuy 07/15/10 12:02:23 PM
#998   From Market watch: Orvis 07/15/10 11:56:28 AM
#997   BEWARE: BP Biofuels North America LLC is NOT ThatStockGuy 07/15/10 11:53:53 AM
#996   Look at the balance sheet. Less than ThatStockGuy 07/15/10 11:48:33 AM
#995   kind of what I figured.... pennystockbrad 07/15/10 10:49:01 AM
#994   doubtful Trinityz1 07/15/10 10:44:31 AM