Published on October 27, 2010 at 1:47 AM
Verenium Corporation (Nasdaq: VRNM), a pioneer in the development and commercialization of high-performance enzyme solutions, today announced that it has renewed and extended its joint marketing agreement with Alfa Laval, a leading global provider of heat transfer, separation and fluid handling technologies, for Purifine® PLC. In 2009 Verenium and Alfa Laval signed an agreement to jointly market enzymatic degumming of vegetable oils using Verenium's Purifine® PLC enzyme and Alfa Laval's engineering services and equipment.
"Our collaboration with Alfa Laval has been successful on a number of levels," said Janet Roemer, Verenium's President and Chief Operating Officer. "In addition to expanding Purifine® PLC's global market penetration, through working with Alfa Laval, we've also been able to enhance support of the Purifine® PLC enzymatic degumming process. We look forward to building upon this successful collaboration as we work to secure continued growth for both businesses in the important global vegetable oil market."
Under the terms of the extended agreement, Verenium has granted Alfa Laval a non-exclusive license to jointly market, implement and support the Purifine® PLC process with their process engineering equipment and services to customers processing vegetable oils for edible or biodiesel purposes. As part of this five year agreement, Alfa Laval will market Purifine® PLC to edible oils processing customers in agreed to territories. In addition, Alfa Laval will continue its efforts on further developing the process for Purifine® PLC enzymatic degumming.
"Alfa Laval is pleased to be able to extend our partnership with Verenium which will allow us to continue to offer Purifine® PLC's novel enzyme technology to the vegetable oil processing industry," said Bent Sarup, General Manager for Alfa Laval's Vegetable Oil Technology Business. "Under the agreement we expect to further enhance the value created for our customers through continuous process improvements of this technology."
SOURCE Verenium Corporation