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November 6, 2007 – Vol.12 No.33 Shell and Codexis Continue to Explore New Super Enzymes for Next-Gen Biofuels. The new 5-year agreement includes research collaboration and an equity investment by Shell in Codexis and taking a seat on the company's board. Research will focus on adapting enzymes to improve the conversion of a range of raw materials into high-performance fuels with a goal of helping Shell developing the next generation of biofuels derived from nonfood bio material resources. Codexis scientists create super enzymes capable of outperforming naturally occurring varieties. The company has worked with Shell on biofuels since November 2006 and positive early results, including achievement of milestones ahead of schedule, have led to this new agreement and the broader collaboration announced today.
"Breaking down and converting alternative, nonfood bio material into high quality fuels for transport is complex", said Dr Graeme Sweeney, Shell Executive Vice President Future Fuels and C02. "Processing efficiently at scale, in terms of both cost and C02 production, is challenging. This exciting research work into new powerful enzymes for more efficient conversion and better biofuels is part of Shell accelerating its drive to make next-generation biofuels a commercial reality." Codexis is a developer of clean biocatalytic process technologies that can substantially reduce the cost of manufacturing across a broad range of industries for novel solutions for efficient, cost-effective and environmentally friendly processes for pharmaceutical, energy and industrial chemical applications. Royal Dutch Shell plc is a leading global energy company. (11/6/07)
Links: Codexis Royal Dutch Shell
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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