02 June 2011 18:10 [Source: ICIS news]
HOUSTON (ICIS)--Shell has transferred its 15.7% stake in ?xml:namespace>
Codexis CEO Alan Shaw said having Raizen as a stockholder will offer opportunities to further develop and commercialise biofuels.
"With access to feedstocks and experience in ethanol production, Raizen has the potential to accelerate future commercialisation of renewable fuels," Shaw said.
A media official at Iogen’s headquarter in
Raizen officials said in March that the joint venture would include Shell’s commercialisation rights to Iogen technology.
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