Verenium and Marubeni Advance the Development of Cellulosic

Ethanol Facilities in Asia 
- New plant in Thailand begins operations - 
CAMBRIDGE, Mass., and TOKYO, July 15 /PRNewswire-FirstCall/ -- Verenium
Corporation (Nasdaq: VRNM), a pioneer in the development of next-generation
cellulosic ethanol and high-performance specialty enzymes, and Marubeni
Corporation today announced that, pursuant to the terms of their joint
development agreement, they are continuing to advance the commercialization of
cellulosic ethanol projects utilizing Verenium's proprietary technology in
Asia with the opening of a three million-liter-per-year plant in Saraburi,
Thailand.  Marubeni and Tsukishima Kikai Co., Ltd. have already incorporated
Verenium's technology into BioEthanol Japan's 1.4 million-liter-per-year
cellulosic ethanol plant in Osaka, which utilizes construction wood waste as a
feedstock. 
"We are very pleased to see our proprietary cellulosic technology continue
to serve as a template for the commercialization of next-generation ethanol in
Asia," said Carlos A. Riva, President and Chief Executive Officer at Verenium.
"As in the U.S., we believe cellulosic ethanol derived from non-food biomass
is going to play a critical role in the global energy mix, and we look forward
to further partnering with Marubeni, as we continue to advance additional
strategic corporate partnership opportunities, to expand our technology's
reach and potential around the globe." 
The cellulosic plant in Thailand is co-located with a facility that will
produce ethanol from sugar-cane derived sucrose, which is widely abundant in
the region.  Sugar cane bagasse, the biomass residue from the sugar cane
plant, will be the primary source of feedstock for the cellulosic facility,
which will be converted into ethanol using Verenium's process technology." 
"We are very excited to see a second cellulosic ethanol facility move
forward, as alternative, cost-competitive, and environmentally sound fuel
sources are critically needed in Asia," said Mr. Toshiya Nagata, Ethanol
Manager of Industrial Machinery Department.  "We expect that our learnings
from the Osaka facility, coupled with Verenium's experience in the U.S., will
help to make this plant a rapid commercial success as we look to broaden the
footprint and opportunity for cellulosic ethanol in key markets across Asia." 
About Verenium 
Verenium Corporation is a leader in the development and commercialization
of next-generation cellulosic ethanol, an environmentally-friendly and
renewable transportation fuel, as well as high-performance specialty enzymes
for applications within the alternative fuels, specialty industrial processes,
and animal nutrition and health markets.  The Company possesses integrated,
end-to-end capabilities in pre-treatment, novel enzyme development,
fermentation, engineering, and project development and is moving rapidly to
commercialize its proprietary technology for the production of ethanol from a
wide array of cellulosic feedstocks, including sugarcane bagasse, dedicated
energy crops, agricultural waste, and wood products.  In addition to the vast
potential for biofuels, a multitude of large-scale industrial opportunities
exist for the Company for products derived from the production of low-cost,
biomass-derived sugars. 
Verenium's Specialty Enzyme business harnesses the power of enzymes to
create a broad range of specialty products to meet high-value commercial
needs.  Verenium's world class R&D organization is renowned for its
capabilities in the rapid screening, identification, and expression of
enzymes-proteins that act as the catalysts of biochemical reactions. For more
information, visit http://www.verenium.com. 
About Marubeni Corporation 
Marubeni Cooperation is a one of the biggest trading houses in Japan, with
its headquarter in Tokyo and a total of 115 overseas offices in 70
countries/areas. Marubeni has 11 sales divisions in the business fields of
energy, chemical, food, machinery etc., with its consolidated net income
reaching 147.2 billion yen for the last fiscal year. For more information,
visit http://www.marubeni.com. 
Marubeni, with Tsukishima Kikai Co., Ltd., has the sub-license for the
cellulosic ethanol production technology from Verenium, and finding the chance
to export the cellulosic ethanol plant mainly to Asian countries. 
Forward-Looking Statements 
Statements in this press release that are not strictly historical are
"forward-looking" and involve a high degree of risk and uncertainty. These
include statements related to the Company's operations, capabilities,
commercialization activities, target markets and cellulosic ethanol
facilities, all of which are prospective.  Such statements are only
predictions, and actual events or results may differ materially from those
projected in such forward-looking statements.  Factors that could cause or
contribute to the differences include, but are not limited to, risks
associated with Verenium's new and uncertain technologies, risks associated
with the costs, labor requirements and labor availability associated with
Verenium's demonstration plant [and future commercial plants], risks
associated with Verenium's ability to obtain additional capital to support its
planned operations, risks associated with Verenium's dependence on patents and
proprietary rights, risks associated with Verenium's protection and
enforcement of its patents and proprietary rights, technological, regulatory,
competitive and other risks related to development, production, and
commercialization of cellulosic ethanol and other biofuels and the commercial
prospects of those industries, Verenium's dependence on existing
collaboration, manufacturing, and/or license agreements, and its ability to
achieve milestones under existing and future collaboration agreements, the
ability of Verenium and its partners to commercialize products (including by
obtaining any required regulatory approvals) using Verenium's technologies and
timing for launching any commercialized products, the ability of Verenium and
its collaborators to market and sell any products that it or they
commercialize, the development or availability of competitive products or
technologies, the future ability of Verenium to enter into and/or maintain
collaboration and joint venture agreements and licenses, changes in the U.S.
or global energy markets and risks and other uncertainties more fully
described in the Company's filings with the Securities and Exchange
Commission, including, but not limited to, the Company's quarterly report on
Form 10-Q for the three months ended March 31, 2008 and Form 8-K filed April
8, 2008.  These forward-looking statements speak only as of the date hereof.
The Company expressly disclaims any intent or obligation to update these
forward-looking statements. 


     Contacts:
     Verenium
     Kelly Lindenboom
     Vice President, Corporate Communications
     617-674-5335 (office)
     617-763-7281 (cell)
     kelly.lindenboom@verenium.com
     Marubeni Corporation
     Mitsushige Kanaya
     Manager, New Energy Systems Sec., Industrial Machinery Dept.
     Kanaya-Mitsu@marubeni.com




SOURCE  Verenium Corporation 
CONTACT:
Kelly Lindenboom, Vice President, Corporate Communications of Verenium 
Corporation, office, +1-617-674-5335, or cell, +1-617-763-7281, 
kelly.lindenboom@verenium.com; or Mitsushige Kanaya, Manager, New Energy 
Systems Sec., Industrial Machinery Dept. of Marubeni Corporation, Kanaya-Mitsu@marubeni.com
-0- Jul/15/2008 20:01 GMT
 
 
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