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Verenium Goes In with BP for $90 Million


BP has a lot of money, and they want to cost cialis focus a big chunk into cellulosic ethanol. So, they’re partnering up with Verenium and brand name cialis for sale giving the company $90 million over the next year and a half in order to gain some of Verenium’s technology and hopefully speed up commercialization of cellulosic ethanol.

Looking towards sugar cane, miscanthus, and energy cane, they’re hoping to scale up biofuel’s availability from these and other sources. The $90m will go towards helping put up low-cost production facilities across the US, and will give BP licenses to intellectual property of Verenium.

BP’s president Sue Ellerbusch said that this partnership positions BP as having the best technology in cellulosic ethanol production and makes them leaders in the area. Not surprising since they’re forming other partnerships that help them corner the biofuel industry, including partnerships with DuPont, Tropica BioEnergia and D1 Oils.

BP’s fuel sales during 2007 accounted for 10% of the levitra purchase global biofuels market. So they’re serious about making sure that biofuels become more easily available.

Via Verenium, BP; Photo via cialis generica Verenium

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