Nov 21 2006
Shell Oil Products US, a subsidiary of Shell Oil Company, and Codexis Inc., a privately held biotechnology company, announced today they would launch a collaboration to explore enhanced methods of converting biomass to bio-fuels. Terms of the agreement were not disclosed.
"Shell is committed to leading the development of second-generation bio- fuels that offer lower well-to-wheel CO2 production and enhanced performance," David Sexton, President, Shell Oil Products US, said. "We are exploring the application of Codexis' proprietary technologies to produce alternative fuels from renewable, sustainable sources."
"Our proven biocatalytic approach should provide the critical pathway to developing economically feasible alternative transportation fuels from renewable resources," Alan Shaw, Ph.D., Codexis President and Chief Executive Officer, said. "We are pleased to be partnering with Shell, a world leader in energy, to undertake this important effort."
Shell has been involved in developing bio-fuels for more than 30 years, and believes it is the world's largest distributor of transport bio-fuels today. The company sold nearly 800 million gallons (3 billion liters) of bio- fuel in 2005, mostly in the United States and Brazil. Shell also markets fuels containing bio-components in Australia, France, Germany, Italy, the Philippines, Sweden and Thailand.
Shell Oil Products US, a subsidiary of Shell Oil Company, is a leader in the refining, transportation and marketing of fuels, and has a network of approximately 6,000 branded gasoline stations in the Western United States.
http://www.codexis.com and http://www.shell.com