Verenium launches second enzyme product for oilfield services
05 January 2012
Verenium Corporation, a leading industrial biotechnology company focused on the development and commercialization of high-performance enzymes, has introduced VEREFLOW alpha-amylase, a unique enzyme for the removal of filter cake created by water-based mud containing starch and other polymers used in drilling operations. The enzyme effectively removes filter cake that acts as a barrier to hydrocarbon flow on the face of the wellbore, the hole drilled in the creation of a well.
Effective over a wide temperature and pH range and with a safer environmental footprint compared to traditional chemicals often used in the process, VEREFLOW alpha-amylase provides the oilfield services industry greater operational flexibility, according to the company.
Verenium estimates the addressable global market for VEREFLOW alpha-amylase in the United States to be approximately $20 million annually. The Company began marketing and selling VEREFLOW alpha-amylase in the first quarter of 2012 and manufactures the enzyme under its agreement with Fermic S.A. de C.V in Mexico City.
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