10 March 2009 18:19 [Source: ICIS news]
TORONTO (ICIS news)--Shell and US biocatalyst firm Codexis have expanded their agreement to develop biocatalysts that could shorten the timeline towards the commercialisation of next-generation biofuels, they said on Tuesday.
As part of the deal, Codexis would work with Canadian biofuels producer Iogen, which operates a cellulosic ethanol demonstration plant in ?xml:namespace>
“The research programme with Codexis aims to enhance the Iogen process and shorten the timeline to its full-scale commercial deployment,” Shell said.
In addition, Shell had increased its equity stake in Codexis and would take an additional seat on the company’s board, it said, but did not disclose financial details.
Shell and Codexis signed an initial collaboration agreement in 2006 which they later extended by five years.
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