Royal Dutch Shell, Codexis Expand Plans to Push Commercialization of Biofuels.
Royal Dutch Shell and Codexis Inc. today announced an expanded agreement to develop better biocatalysts that could accelerate commercialization of next-generation biofuels.
Shell also increased its equity stake in Codexis and will take an additional seat on the company's board.
As part of the agreement, Codexis will work with Shell and Iogen Energy Corporation to enhance the efficiency of biocatalysts used in the Iogen cellulosic ethanol production process.
The Iogen demonstration plant in Ottawa, Canada, currently produces hundreds of thousands of litres of cellulosic ethanol from agricultural residue, such as wheat straw.
The research program with Codexis is designed to enhance the Iogen process and shorten the timeline to its full-scale commercial deployment. Iogen's technology uses biocatalysts to break down the cellulose in agricultural fiber and convert it to sugars, which are then fermented and distilled into ethanol.
The new Shell-Codexis deal also continues the collaboration announced in November 2007 to investigate other biofuels and new biocatalyts to convert biomass directly into components similar to gasoline and diesel. Codexis will expand research at a center in the US and at a new center in Budapest, Hungary.
"The expert Codexis team will make a real difference in the race toward full-scale commercial production of biofuel from non-food sources," said Graeme Sweeney, Shell executive vice president, Future Fuels and CO2. "Better biocatalysts will improve efficiency and help lower costs."
For more information, visit www.shell.com and www.codexis.com.
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|Date:||Mar 10, 2009|
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