|November 18, 2010 Fall Samboree
Wekiva River Resort, Sorrento, Florida
State Committee Meeting
Following up on the report of November 2009 as regards Verenium Corporation, based in Cambridge,
Massachusetts, and their proposed cellulosic ethanol plant to be built in south Florida, there is a wide range of
press releases on their web site at www.verenium.com. Included in some press releases is a code number available
to those interested in watching live web casts.
I do not find any additional information on construction of a Florida plant, only facilities in Jennings, LA and San
March 19, 2010 Verenium announced that it’s Annual Report on Form 10-K for the fiscal year ended December 31,
2009, filed with the SEC on March 16, 2010, included an audit opinion containing a going concern qualification.
(Note: I haven’t located that concern.)
April 1, 2010 Verenium today announced it has extended the joint development established in August 2008 with
partner BP for an additional four months. BP and Verenium will continue their ongoing joint development work to
accelerate the development and commercialization of cellulosic ethanol.
April 22, 2010 Verenium announced it has been awarded an additional $4.9 million from the U.S. Department of
Energy to fund ongoing activities at it’s demonstration-scal facility in Jennings, LA. This cooperative agreement is
an extension of the grant previously awarded to the Company in July 2008.
April 22, 2010 Under organizational changes, Verenium announced Gregory Powers, Executive Vice-President of
Research & Development, will be leaving the Company to pursue another opportunity. Nelson Barton, Senior Vice-
President of Research & Development, will assume leadership of the group.
July 15, 2010 Verenium today announced an agreement for BP Biofuels North America to acquire Verenium’s
cellulosic biofuels business, including the Company’s facilities in Jennings, LA and San Diego, CA for $98.3 million.
Verenium will retain it’s commercial enzyme business, including its biofuels enzymes products and have the right to
develop its own lignocelluloses enzyme program. Verenium will also retain select Research & Development
capabilities, as well as rights to access select biofuels technology developed by BP using technology it is acquiring
from Verenium through this agreement.
(NOTE: The Deepwater Horizon BP oil rig fire occurred on April 20, 2010 and the capability of producing biofuels
could make this type disaster obsolete.)
July 15, 2010 Verenium announced the promotion of Janet Roemer from Executive Vice President to President and
Chief operating Officer, effective immediately.
August 9, 2010 Verenium reports healthy product revenue growth and a decrease in operating expenses in their
Financial Report for the Second Quarter of 2010.
August 26, 2010 Verenium today announced the appointment of Kevin Bracken to the position of Vice President of
Manufacturing. Bracken will report to Janet Roemer, President and COO of Verenium’s Enzymes Business.
September 2, 2010 Verenium closes sale of cellulosic biofuels business to BP.
September 14, 2010 Janet Roemer, President and Chief Operating Officer, will present at the Rodman and
Renshaw Annual Conference in New York, while James Levine, Executive Vice President and Chief Financial
Officer will present at the USB Global Life Sciences Conference in New York City on September 21, 2010, with both
conferences available on live web cast.
September 23, 2010 Verenium announces debt repurchases of $21 million.
September 29, 2010 Verenium is pleased to be able to enhance our starch processing product offering with this
best-in-class glucoamylase enzyme for fuel ethanol production. Verenium estimates the addressable global market
for DELTAZYM® GA L-5E for fuel ethanol production to be approximately $200 million annually.
October 12, 2010 Verenium licenses novel enzyme to Bunge for the production of edible oil products. Bunge
intends to use the enzymes to commercialize edible oil products such as bottled vegetable and cooking oils,
shortenings, margarines and other products derived from soybeans, other oilseed plants and corn.
October 20, 2010 Verenium announces regulatory approval for PURIFINES® PLC in China. Purifine® PLC is an
enzyme used as a processing aid in the edible oil industry. With this regulatory approval, Verenium now has the
ability to sell Purifine® PLC in all major oilseed processing areas of the world, which include Argentina, Brazil, the
United States and China.
October 26, 2010 Verenium and Alfa Laval announce extension of Purifine® PLC enzyme agreement. This
successful partnership extended to further grow adoption of Purifine® PLC enzymatic degumming process.
With all this growth in the enzyme and cellulosic production business, I just want to know when this will bring the
price of fuel down ??
The economic recession has curtailed a substantial number of Rvers from planning and taking long road trips. Fuel
prices have held steady for the past several months with regular gasoline and diesel averaging $2.75 and $3.00
per gallon, respectively, in Florida. Shorter trips, closer to home have kept the avid Rver in plain sight on our
The Rally in Louisville, KY only had 2,867 rigs in attendance, a far cry from the 6,000 rigs several years ago in
However, for those in search of a new rig, the best bargain of the year was available in Louisville - a brand new
Prevost with a sticker price of $1,900,000.00 on sale for HALF PRICE !!! Now, where did I leave my checkbook?
I could not locate a list of the individual State Parks which allow pets, but am assuming from the following
paragraph, copied and pasted from the Florida State Parks web page, to mean they are accepted in all the Florida
“Pets are permitted in the family campgrounds of Florida State Parks. Pets are not permitted in cabins or cabin
areas, food service areas, buildings, restrooms, bathhouses, beaches or bathing areas. Noisy, destructive,
intimidating or dangerous pets will not be allowed to remain in the park.”
Failure to clean up behind your pet can result in eviction form the campground and/or park.
Sharon K. Bundy