Verenium and Marubeni Advance the Development of Cellulosic Ethanol Facilities in Asia

CAMBRIDGE, Mass., and TOKYO, July 15 /PRNewswire-FirstCall/ -- Verenium Corporation (Nasdaq: VRNM), a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, and Marubeni Corporation today announced that, pursuant to the terms of their joint development agreement, they are continuing 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. Marubeni and Tsukishima Kikai Co., Ltd. have already incorporated Verenium's technology into BioEthanol Japan's 1.4 million-liter-per-year cellulosic ethanol plant in Osaka, which utilizes construction wood waste as a feedstock.