Verenium (VRNM) and BP Project Selected by U.S. DoE to Enter Due Diligence Phase of Title XVII Loan Program
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Verenium Corporation (Nasdaq: VRNM) and international energy company BP today announced that their jointly-owned, commercial cellulosic ethanol project, located in Highlands County, Florida, has been selected by the U.S. Department of Energy to enter the due diligence phase of its Title XVII Loan Guarantee Program. Under this program, the DOE may provide loan guarantees for project debt covering up to 80% of eligible costs. The Highlands project is scheduled to break ground in 2010.
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