BP pays $98 mln for Verenium biofuels activities

July 15, 2010 |By NBC

Oil major BP (BP.L) (BP.N) beefed up its biofuels business on Thursday by paying $98 million for technology and facilities developed by U.S. partner Verenium Corp (VRNM.O).

The British energy giant said the acquisition will allow it to develop a comprehensive package for the sector…