Charles Rives Ventures

Today's world faces mounting pressure arising from the end of the era of low-cost oil that fueled global prosperity in the 20th century. Diminishing oil supplies, growing concentration of petroleum in the hands of unstable or hostile political regimes, and the mounting threat of climate change all point toward the need for new ways to produce fuels and other chemical products in the 21st century. To address this challenge, Diversa and Celunnol merged to create Verenium, a new biofuels industry leader for the green millennium.