Vercipia Biofuels advance the commercialization of cellulosic
BP and Verenium Corporation announced that its 50-50
joint venture company will operate under the name Vercipia
Biofuels, and will 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.
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 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