BP starts up celullosic ethanol joint venture with $45m, pays $161m fine for Clean Air Act violations
BP goes on the offensive and plays defense in two news stories yesterday. First, we learn that BP Products North America Inc. has agreed to pay $161 million for "pollution controls, enhanced maintenance and monitoring, and improved internal management practices" because of Clean Air Act violations committed at a Texas refinery. The EPA's Catherine McCabe said that, "BP failed to fulfill its obligations under the l
Verenium Corporation has been awarded a $7 million grant from the state of Florida and it will use the money to build its first commercial-scale cellulosic ethanol plant. The money comes through the state's Farm to Fuel initiative, something sure to enrage ethanol opponents. The plant, to be constructed beginning later this year in Highlands County, Florida, is expected to start generating fuel in 2011.
A demonstration plant in Louisiana is the latest entry in the cellulosic ethanol race. Verenium announced yesterday that the company is starting up a 1.4 million gallon-per-year plant in Jennings, La with the intended non-food feedstocks being stems and leaves. Verenium will use "specialty enzymes and Verenium's proprietary technology," the Sebastian Blanco