Verenium Announces First Commercial Cellulosic Ethanol Project;
36M Gallons per Year
Verenium Corporation will build its first commercial-scale
cellulosic ethanol facility in Highlands County, Florida. The
Company has entered into long-term agreements with Lykes Bros.
Inc., a multi-generation Florida agri-business to provide the
agricultural biomass for conversion to fuel. Verenium also
announced that the Highlands Ethanol project has been awarded a $7
million grant as part of Florida???s ???Farm to Fuel???
Verenium anticipates breaking ground on this facility in the
second half of this year, and expects to start producing fuel in
2011. Additional jobs will be created during the 18-to-24 months
of construction on the plant, which is estimated to cost between
$250 and $300 million to build.
Verenium???s conversion process originated from technology
developed by a team led by Dr. Lonnie Ingram at the University of
Florida and originally licensed by Celunol.
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