October 21, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Verenium Corp. (NASDAQ: VRNM), a developer of industrial enzyme solutions, said that Purifine PLC, the company's novel enzyme specifically developed for the edible oil industry, has received all necessary Chinese government authorizations for sale as a processing aid in the edible oil industry.

The company said that, with this regulatory approval, Verenium now has the ability to sell Purifine PLC in all the major oilseed processing areas of the world, which include Argentina, Brazil, the United States and China.

Verenium said that China's consumption of edible oils is growing at a high rate due to a large population and an ongoing shift to better quality food products. As a result, existing crushing capacity is being more fully utilized and additional plants are being built.

Verenium's Purifine PLC is a novel phospholipase C enzyme that is a component of an improved degumming process for the refining of soybean oil and other high phosphorus vegetable oils.

Massachusetts-based Verenium currently sells enzymes developed using its R&D capabilities to industrial customers globally for use in markets including grain and oilseed processing, biofuels, animal health and nutrition and other specialty industrial processes.

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