EnviroTech :: Alternative fuels
Shell, Codexis Expand Biofuel Pact
11:18 PM MDT | March 22, 2009
Royal Dutch Shell says it has expanded its existing biofuel development deal with Codexis (Redwood City, CA), in which Shell is an investor. Under the agreement, Codexis will work with Shell and Iogen Energy (Ottawa) to enhance the efficiency of enzymes used in Iogen’s cellulosic ethanol production process. Shell has a 50% equity stake in Iogen, which operates a demonstration-scale ethanol plant at Ottawa. Shell says it has “significantly” increased its equity stake in Codexis and will take an additional seat on Codexis’s eight-member...
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