About : History & Milestones

2007

Feb. 16

Verenium breaks ground on the nation's first demo-scale cellulosic ethanol facility.

June 20

Diversa & Celunol merge to form Verenium Corporation

June 28

Verenium allocated $4.6M from DOE for enzyme development

2008

Jan. 7

Verenium and Bunge sign new agreement to develop enzyme processes for production of edible oils

Feb. 27

Verenium awarded DOE grant to speed enzyme development

April 7

Verenium commences start-up phase at demo-scale cellulosic facility

May 28 & 29

Verenium begins commissioning of nation’s first cellulosic ethanol demonstration-scale plant - Company hosts analyst and investor day and dedication ceremony to mark industry milestone.

July 14

Verenium awarded a grant from the U.S. Department of Energy (DOE) under a $40 million program to support the development of small-scale cellulosic ethanol biorefinery plants.

July 15

Verenium and Marubeni Corporation continue 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.

July 24

Verenium awarded a three-year, $5.4 million grant from the New Zealand Foundation for Research, Science and Technology.

August 6

Verenium announces significant partnership with BP to accelerate the commercialization of cellulosic ethanol.

September 5

Lazard initiates coverage with "buy rating."

2009

January 15

Verenium announces first commercial cellulosic ethanol project and "Farm to Fuel" grant in Florida.

February 18

BP and Verenium form leading cellulosic ethanol venture to deliver advanced biofuels.

March 24

Verenium and Alfa Laval announce collaboration on Purifine® enzyme.

April 13

Verenium launches high perfomance enzyme for food and beverage applications.

May 5

Verenium commends creation of Biofuels Interagency Working Group to speed development of energy alternatives.

June 22

Verenium and Add Food Service GmbH announce a commercial distribution partnership for Fuelzyme® and Veretase™enzymes.

June 25

Verenium and BP are invited to begin negotiations for next phase of U.S. DOE loan guarantee program.

July 6

Verenium complete's amendment to 8% senior convertible notes and positions the Company for future strategic growth.

July 29

BP and Verenium announce Vercipia Biofuels to advance the commercialization of cellulosic ethanol.

August 28

Verenium completes 5.5% convertible notes exchange to reduce the Company's debt and create additional financial flexibility.

October 21

Verenium and VPP sign agreement to test C5 cellulosic technology on pulping feedstocks for the production of ethanol.

In January 2009, Verenium announced plans to build its first commercial-scale cellulosic ethanol facility in Highlands County, Florida.

In the photo from left to right: Charlie Lykes, EVP Ranching, Lykes Brothers Inc.; Lonnie Ingram Ph.D, University of Florida, Distiguished Professor of Microbiology; Don Bates, Commisioner, Highlands County Florida; Charles H. Bronson, Commisioner, Florida Department of Agriculture and Consumer Services; Carlos A. Riva, President and CEO, Verenium Corporation; and Howell Ferguson, CEO, Lykes Brothers Inc.