Shell boosted biofuel investment in 2009
Wednesday 30 December 2009
Shell will almost double its investment in research at biofuel start-up Codexis to $60m this year, the Wall Street Journal reports.
The information comes from documents filed with the US financial authorities ahead of Codexis' proposed launch on the Nasdaq stock exchange.
Shell has a 20% stake in Codexis which develops 'super enzymes' to speed up the chemical reactions used to turn non-edible grasses into ethanol and diesel.
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Thursday: Sunny everywhere but high cloud will hide the sun at times. Max 15º. Rain on Friday
Codexis Inc’s public offering is great news for the biofuels industry. With an initial offering of $100 million, Codexis will allow the company to gain some much needed capital and moved forward with exciting biofuel and biopharmaceutical projects.
If you're interested in biofuels check out this great website with hundreds of case studies on emerging green technologies and alternative energies: http://www.greencollareconomy.com It has the largest b2b green directory on the web and lots of sustainability white papers for businesses to use in moving forward with biofuels.
By Casey Verdant | December 31, 2009 1:41 AM