Vercipia, a 50-50 joint venture between BP and Verenium, is hopeful that commercial operations can begin in 2012, Tom Mueller, press officer for BP America tells Recharge
None of the parties are publicly discussing plant cost but officials in Highlands County where it will be located say they were told by Vercipia that outlays will total about $300m.
Vercipia has applied for a loan guarantee from the US Energy Department (DOE) for the project, which Mueller says is progressing through the due diligence phase.
