Owned and believe in (VRNM)

Verenium (VRNM)

250 issued patents and more than 350 patent applications.

“Verenium is the first publicly traded, fully-integrated, next-generation

biofuel company.Enable the production of low-cost, biomass derived sugars

for a number of major industrial applications, including the

commercialization of advanced biofuels. Investors include Syngenta, AWM

Investment and Health Care Ventures. Verenium trades under the VRNM

symbol on NASDAQ.Model: The key elements of our corporate strategy are

to develop integrated solutions for the emerging

cellulosic ethanol industry for use in production facilities that we own and

operate, individually or jointly with partners, as well as those of third-party

licensees. We intend to use our leadership position to develop novel,

high-performance enzymes and to advance our technology and process

development capabilities, together

with BP, at our pilot and demonstration-scale plants in Jennings, Louisiana,

our first planned commercial facility in Highlands County, Florida, to exploit

opportunities in the developing market for the production of cellulosic

ethanol. We have established our business model based upon the belief that

owning and managing

cellulosic ethanol production facilities in conjunction with strategic partners, including BP, will allow us to

create economic value by incorporating our scientific and engineering skills

into the production facilities. Through our joint venture with BP, we may also

license our proprietary technology to extend our commercial reach and

accelerate our market penetration.

Past milestones:

1. Verenium begins commissioning nation’s first-of-its kind cellulosic ethanol

demonstration plant in Jennings,

Louisiana;2. Verenium announces plans to build first commercial cellulosic

ethanol plant in Highlands County, Florida,

with a target capacity of up to 36 million gallons per year (MGY);

3. British Petroleum (BP) and Verenium form 50-50 joint venture (JV) to

develop and commercialize cellulosic

ethanol from nonfood feedstocks in the United States; JV now operates

under the name Vercipia Biofuels

Future milestones:

1. Secure financing for first commercial-scale cellulosic ethanol facility in

County, Florida. Vercipia Biofuels, the 50-50 JV company between BP and

, intends to break ground on one of the nation’s first commercial-scale

cellulosic ethanol facilities in Highlands County, Florida, in 2010. This 36

MGY facility is expected to begin commercial production in 2012. Vercipia

developing additional commercial facilities in the Gulf Coast region and

expects to announce the location of its second plant in the coming year.

2. Leverage R&D capabilities and enhance cellulosic ethanol capabilities;

3. Pursue strategic partnership opportunities for the Specialty Enzyme

Business Unit

Verenium’s process technology has also been licensed to Tokyo-based

Marubeni Corporation and Tsukishima Kikai Co., Ltd. and incorporated into

their 1.4 million liter-per-year cellulosic ethanol plant in Osaka, Japan –

utilizing construction and demolition wood waste as a feedstock.

Verenium quotable quotes:

“Verenium is the first publicly traded, fully-integrated, next-generation

biofuel company, and its range of expertise and resources greatly enhances

its potential for success. Verenium is mastering the entire cellulosic ethanol

production process as the first and only company with the full range of “field-

to-pump” capabilities. This includes: growing energy crops, developing

enzymes, processing biomass into fuel and, ultimately, selling it.

, Verenium’s partnerships, which range from industry giants like BP and

to the U.S. Department of Energy (DOE), make the company uniquely

positioned for success.