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xanadu90

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xanadu90

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Sunday, 06/01/2008 4:40:49 PM

Sunday, June 01, 2008 4:40:49 PM

Post# of 648882
Verenium Commissioning Cellulosic Ethanol Demo-Scale Plant; Targeting Cost of $1.34/Gallon
28 May 2008

Verenium Corporation (VRNM $2.40) has begun the commissioning phase at its demonstration-scale cellulosic ethanol facility in Jennings, Louisiana. The plant is rated to produce 1.4 million gallons per year using specialty enzymes and the company’s proprietary technology to convert non-food biomass to ethanol.

Verenium says that it is tracking to its goal of beginning construction in the middle of next year on a 30 million-gallon-per-year commercial plant. In a briefing with analysts and investors, Verenium said that it was expecting a production cost of $1.34/gallon for its first-generation technology.

The whole article:

http://www.greencarcongress.com/2008/05/verenium-commis.html#more
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