Verenium Company Description
If Verenium has anything to say about it, kids on Halloween aren't going to be the only ones experiencing a sugar rush. The company (formerly Diversa) is developing cellulosic ethanol, an alternative fuel made from the leftover stalks and leaves of sugarcane and corn. Created from the 2007 merger of enzyme manufacturer Diversa and ethanol producer Celunol, the company operates a pilot plant for producing cellulosic ethanol in Louisiana and is constructing a demonstration-scale facility. Verenium also develops specialty enzyme products used to convert biomass into fuel, make industrial processing more efficient, and develop healthier feedstocks for animals and therapeutic proteins for humans.
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The Company Description provides a historical perspective of Verenium's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Verenium's evolution in the marketplace.
