Technology & Science
Jul. 17, 2010
BP Buys Biofuels Business
San Diego-based Verenium Corp. agreed to sell its cellulosic biofuels business to BP Biofuels North America for $98.3 million.
Daily Journal Staff Writer
San Diego-based Verenium Corp. agreed to sell its cellulosic biofuels business to BP Biofuels North America for $98.3 million.
The sale includes Verenium's pilot plant and demonstration facility in Jennings, La., and research-and-development site in San Diego. Verenium retained its rights to develop certain enzyme and biofuel products. The transaction will close in the third quar...
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