Verenium Corporation has announced a proposed public offering of common stock, subject to market and regulatory conditions.
According to the company, the offering is expected to price before 9:30 am EDT on Tuesday, October 6. Lazard Capital Markets LLC is acting as the sole book-running manager for the offering.
This action follows a 1:12 reverse stock split of the company’s common stock last month.
*Post Update – Verenium Corporation announced today that it has priced an underwritten public offering of 2,250,000 shares of its common stock and warrants to purchase an additional 900,000 shares of common stock at a price to the public of $6.00 per unit. Each unit consists of one share of common stock and a warrant to purchase 0.40 of a share of common stock. The shares of common stock and warrants are immediately separable and will be issued separately. The warrants have a five-year term and an exercise price of $7.59. Net proceeds after estimated underwriting discounts and commissions and estimated expenses, will be approximately $12.3 million, providing the Company with several additional months of operating capital into 2010. The offering is expected to close on or about October 9, 2009, subject to the satisfaction of customary closing conditions.
Richard Jundzil, 
Hydrogen will be part of the discussion at 
Minnesota-based 
Each process train has the following equipment:
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Chris Standlee, Executive Vice President of Abengoa Bioenergy, was reelected Chairman of the Board for a third term. Chris was first elected chair in October 2007. Joining Standlee in reelection as an officer is long time RFA member and ethanol industry veteran Nate Kimpel. Kimpel, General Manager of New Energy Corporation in South Bend, Indiana, will continue to serve as RFA Treasurer. Bob Dinneen was also reelected as President of the association, a post he has held since 2001.
On the plus side, the GAO report indicated that using indirect land use change to evaluate the lifecycle greenhouse gas emissions for biofuels under the Renewable Fuel Standard may be difficult due to uncertainty in how that can accurately be measured. According to the report, “Many researchers told GAO there is general agreement on the approach for measuring the direct effects of biofuels production on lifecycle greenhouse gas emissions but disagreement about how to estimate the indirect effects on global land use change, which EPA is required to assess in determining RFS compliance. In particular, researchers disagree about what nonagricultural lands will be converted to sustain world food production to replace land used to grow biofuels crops.”
According to the Alexandria Times, about thirty gallons of ethanol was spilled on a concrete pade at the Norfolk Southern Corporation’s “transloading” facility this morning and the facility failed to notify the Alexandria Fire Department about the spill. 
Back in May, the EPA put out its proposal for the new Renewable Fuels Standard… aka RFS-2… that got a lot of people talking about what is in the new standard.
During this edition of the Domestic Fuel Cast, we get comments from National Biodiesel Board CEO Joe Jobe and Renewable Fuels Association president and CEO Bob Dinneen about the comments they have just submitted to the EPA.
The biggest sticking point is the Indirect Land Use issue, which could charge American renewable fuels makers, especially biodiesel producers, with greenhouse gas emissions for something going on in another part of the world. Plus, Jobe and Dinneen say there are some issues with the baseline numbers and assumptions the EPA is using.