With a New Acquisition, does BP = Biofuels Player?

Late last week BP Biofuels agreed to buy Verenium Corporation, a producer of high-performance enzymes for use in industrial processes, including cellulosic biofuel production. The transaction, valued at US$98.3 million, gives BP control of Verenium’s biofuels facilities in southwest Louisiana and San Diego, and in turn provides Verenium with cash to grow its commercial enzyme business. According to BP Biofuel’s CEO, the Verenium transaction bolsters BP’s position as a leader in the biofuels market with an integrated end-to-end capability, from the initial research and development to distribution and blending.

Source: http://www.TriplePundit.com:
With a New Acquisition, does BP = Biofuels Player?