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BP and Verenium Corporation have announced an agreement for BP Biofuels North Am ...

BP and Verenium Corporation have announced an agreement for BP Biofuels North America to acquire Verenium’s cellulosic biofuels business. ‘This acquisition demonstrates BP’s intent to be a leader in the cellulosic biofuels industry in the US, and positions us as one of the few global companies with an integrated end-to-end capability, from R&D through commercialisation to distribution and blending,’ said Philip New, Chief Executive Officer, BP Biofuels.
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