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Verenium Corporation Message Board

  • ronp369 ronp369 Aug 21, 2008 1:04 PM Flag

    The road to commercial profitability for cellulosic ethanol companies--VRNM included

    www.CellulosicRoundtable.com

    The road to commercial profitability for cellulosic ethanol companies

    August 20, 2008

    When it comes to cellulosic ethanol, typical news stories deal with plans to build plants, new partnerships and grants received. The bigger question for the cellulosic ethanol sector, however, is which companies will win the race to achieve commercial profitability. As companies roll up their sleeves and try to lower their costs to produce cellulosic ethanol on a commercial scale, we thought it would be a good idea to find out what milestones these companies still need to achieve on the road to commercial profitability and when they think commercial profitability can be reached.

    CellulosicRoundtable.com received responses to this topic from BlueFire Ethanol Chief Financial Officer Christopher Scott, Coskata Chief Marketing Officer & VP Wes Bolsen, DuPont Danisco Cellulosic Ethanol President Joe Skurla, POET CEO Jeff Broin and Verenium VP of corporate communications Kelly Lindenboom.

    Excerpts:

    Verenium VP of corporate communications Kelly Lindenboom: "We are currently planning to break ground on our first commercial-scale facility in the middle of 2009, and to deliver ethanol to the marketplace from the facility in 2011. Further, it is our intent to rapidly deploy a series of commercial facilities shortly thereafter."

    Verenium VP of Corporate Communications Kelly Lindenboom: "While we have not provided guidance on commercial profitability for the overall business, we would expect each of our projects to be cash flow positive entities.

    For entire article go to www.CellulosicRoundtable.com

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