In California, Codexis is putting pressure on Shell to make a decision regarding the expansion of the research partnership between the two companies and Raizan. Although he pact expires in October, interim CEO Peter Strumph is confident that the partnership would continue. Codexis and Shell’s research into cellulosic ethanol is more than halfway completed, he said, and the companies are holding discussions about the development of the market, which is expected to grow from virtually no volume currently to up to 21 billion gallons in the United States alone by 2022.
More on the story.
- Codexis announces new deal with Shell, slashes 133 employees
- Codexis, Shell to part company
- Raymond James affirms Market Perform for Codexis, citing biofuels opportunity, uncertain timelines
- Shell takes stake in Virent; re-ups with Iogen through 2012; Shell and its Biofuels Babies in review
- Codexis commences pre-IPO road show
- Ceres announces $8.97 million lost for Q2 2013
- Codexis, Shell redraw the advanced biofuels map with global enzyme rights deal
- Codexis, Dupont, Shell, Danisco, Novozymes, Monsanto and Syngenta added to Biofuels Digest stock index
- Shell, Cosan close $12B JV – Iogen, Codexis holdings transferred to Raizen
- Shell exits algae as it commences "Year of Choices"
- Cereplast reports $30 million loss for fiscal 2012
- California algae research project utilizes powerful harvesting technology
- Shaw turns back on cellulosic and dives into natgas
- Codexis handily beats Street consensus in Q3 earnings
- Codexis lowers losses to $9.6 million for Q1 2013
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