BP and Verenium Announce Vercipia Biofuels to Advance the Commercialization of Cellulosic Ethanol
BP and Verenium Corporation announced that its 50-50 joint venture company will operate under the name Vercipia Biofuels, and plan to relocate its corporate headquarters to Florida. Vercipia continues to focus on the development of one of the nation's first commercial-scale cellulosic ethanol facilities, located in Highlands County, Florida. The company is also developing a second commercial-scale cellulosic ethanol site in the Gulf Coast region.
"I continue to be pleased and enthusiastic with the progress our joint venture - Vercipia - has made in only a few short months, and I look forward to a highly productive and successful next two years as we move toward bringing a first commercial facility into production," said Carlos Riva, President and Chief Executive Officer at Verenium
"BP's 'all of the above' approach to meeting America's future energy needs includes a significant investment in biofuels development, as this project demonstrates," said Susan Ellerbusch, President of BP
Biofuels North America. "We believe Vercipia will be a key player in the biofuels supply chain in the coming years."
Since announcing the formation of the joint venture company in February, Vercipia
has applied for and been selected to move forward with due diligence on a Department of Energy
(DOE) Loan Guarantee for the Highlands project, which is now underway. In addition, the team has continued to advance development activity in Florida and on a second site in the Gulf Coast region.
More Alternative Energy Articles
Department of Energy to Train 75,000 Solar Workers
First Hybrid-Flywheel Energy Storage Plant in Europe announced in Midlands
World's Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation
NTU Scientists Make Breakthrough Solar Technology
Wireless Devices Go Battery-Free Using "Ambient Backscatter" from TV and Cellular Transmissions
Harvesting Electricity from the Greenhouse Gas Carbon Dioxide
Maine Project Launches First Grid-Connected Offshore Wind Turbine in the U.S.
University Researcher Making Rechargeable Batteries with Layered Nanomaterials
Vestas 8 MW Offshore Wind Turbine Could Power Up To 3200 Homes
Urban Green Energy and GE Unveil the Sanya Skypump, an Electric-Vehicle Charging Station Equipped with Wind and Solar Power
even more articles...
Suggest an Article for Green Progress