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BP Biofuels will pay $98.3 million for Verenium's cellulosic ethanol business, which includes a plant that makes ethanol from the leftovers of sugar cane processing.
With cellulosic ethanol plants delayed by the economic downturn, Range Fuels and Verenium plan to make ethanol from wood chips and grasses starting next year.
Also: Factory makes ethanol from sugar cane waste; another attempt at a renewable energy tax-credit extension; how the chip industry will shake up the solar business; and SunEthanol's little ethanol-making bug gets DOE grants.
Congress and the White House hammer out the details on $15 billion in emergency loans to General Motors and Chrysler, a bill that could be--or not be--signed within days.