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Exit

Acquired byBritish Petroleum
Price$98.3M
Date7/2010

General Information

Offices

HQ
55 Cambridge Parkwa
8th Floor
Cambridge, ME, 02142
USA

People

CEO
President and Chief Executive Officer
Board of Directors
Executive Vice President and Chief Operating Officer
Senior Vice President and Chief Financial Officer

Funding

TOTAL $97.3M
FUNDING TOTAL $97.3M
Venture Round, 8/2008
British Petroleum
$90M
Series A, 12/2012
$7.31M

Tags

Verenium

Verenium possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of cellulosic ethanol from a wide array of feedstocks, including sugarcane bagasse, dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for advanced biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars.

Recent Milestones

Videos

Screenshots

Sources

  1. BP Buys Verenium’s Biofuel Business For $98 Million (techcrunch.com) [edit]
  2. Cellulosic ethanol maker Verenium gets $90M investment from BP (venturebeat.com) [edit]
  3. SEC (sec.gov) [edit]
  4. BP closes $98M buyout of Verenium biofuels business (masshightech.com) [edit]
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Last Edited 9/27/13

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