Article: United States: Verenium: Biofuels Plant On Track Despite Financial Report.

Byline: prashant03

A top executive with Verenium Corp. said Tuesday that plans are going forward to build a $300-million biofuels plant in Highlands County.

"Absolutely, we are working on it as we speak," Gerry Haines, executive vice president of the Massachusetts-based company, said, when asked if he expects the plant to be under construction next year and in production in 2011.

In January, Verenium announced plans to break ground for the country's first cellulosic ethanol plant on the Lykes Brothers ranch off State Road 70.

Tuesday, Haines was responding to wire service stories reporting that the company said, in a year-end filing ...

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