The equally-owned joint venture will use cellulosic ethanol technology being developed under the first phase of a current BP-Verenium partnership company.
“This next stage in our relationship with Verenium demonstrates our real commitment to making cellulosic ethanol a reality in the US fuels market in the near term,” Sue Ellerbusch, president of BP Biofuels North America says.
The joint venture will initially be based in Cambridge, Massachusetts, but partners plan to develop -- and secure financing – to build a commercial-scale cellulosic ethanol facility in Highlands County, Florida.
