Verenium and Bunge Team Up On Oils

1/7/08

Shares of biofuel and specialty enzyme firm Verenium (NASDAQ: VRNM) rose slightly this morning on the news that the Cambridge, MA-based firm has inked a deal with St. Louis’s Bunge Oils. Under the agreement, Bunge will fund Verenium’s development of enzymes to improve the production of edible oils, and will become the Cambridge firm’s process implementation partner for Purifine, its first commercial product for seed oil refining.

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