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Verenium Licenses New Lipase Enzyme to Bunge for Use in Edible Oils.

12 October 2010 - Verenium Corporation has licensed a new lipase enzyme for use in the production of edible oil products to Bunge Oils, part of Bunge North America.

The commercial launch of the enzyme product is, however, subject to regulatory approval in target markets.

"We are very pleased to have successfully leveraged our unique discovery and evolution technology to develop an enzyme that can be used to commercialize new edible oil products," said Janet Roemer, President of Verenium.

As part of its R&D agreement with Bunge, Verenium designs enzymes for the production of nutritionally-enhanced edible oil products. Bunge, meanwhile, uses the enzymes in its vegetable and cooking oil products, as well as shortenings, margarines and other products derived from soybeans, other oilseed plants and corn.

"The continuing success of our partnership with Bunge has been based on strong synergies and open collaboration. We look forward to the further joint development of this exciting opportunity", went on to say Roemer.

"The demand for oil products with a better nutritional profile is strong and continues to grow," said Rodney Perry, Vice President and General Manager of Bunge Oils.

"As the world's largest oilseed processor, Bunge relies on cutting-edge technology in order to effectively serve our customers' needs. Our strategic partnership with Verenium will help us continue to bring innovative products to market", he added.
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Geographic Code:100NA
Date:Oct 12, 2010
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