April 24, 2010 (FinancialWire) — Verenium Corp. (NASDAQ: VRNM), a firm engaged in the development of cellulosic ethanol and high-performance specialty enzymes, said that it has been awarded an additional $4.9 million from the U.S. Department of Energy to fund ongoing activities at its demonstration-scale facility in Jennings, Louisiana.  

According to the company, the cooperative agreement is an extension of the grant previously awarded to Verenium in July of 2008 under a DOE program supporting the development of demonstration-scale cellulosic ethanol biorefinery plants.  

Verenium said it plans to use the additional funds to support on-going cellulosic technology and process optimization at the demonstration facility.

Massachusetts-based Verenium is engaged in the development and commercialization of cellulosic ethanol, a renewable transportation fuel, as well as high-performance specialty enzymes for applications within the biofuels, industrial, and animal health markets.

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