Shell drops investment in advanced biofuels developer Choren: sells stake to VW, Daimler, Hamburg investors

In Germany, advanced biofuels developer Choren announced that Shell Oil has divested its stake in the company, selling its shares to Volkswagen, Daimler and a consortium of Hamburg-area investors.

Shell, which will continue to provide technical support to the advanced biofuels project, did not give a reason for the divestiture, although the other shareholders, according to a Reuters report, had agreed to a new round of capital injection to finance the commencement of commercial production in 2010.

Choren is constructing a plant in Frieburg that will produce 15,000 tonnes of biofuel wood wastes.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

VW and Daimler invest in German biomass-based synthetic fuel developer

In Germany, Volkswagen and Daimler have acquired a minority shareholding in CHOREN Industries, a biofuels producer with a goal of producing 60 Mgy of BTL (biomass-to-liquid) second generation biomass-...

Daimler tests Jatropha B100; comparable mileage, engine impact; aims to produce biodiesel at $1.57 per gallon

In Germany, Daimler said that has successfully tested B100 jatropha biodiesel in 3500 mile trail runs across the country using a Mercedes-Benz C Class C 220 CDI. The trial runs met European emission r...

Choren, Norske Skog plan wood-based advanced biofuels plant in Norway

In Norway, Choren Industries and Norske Skog announced that they will jointly evaluate the potential for an advanced biofuels plant using wood biomass as feedstock for a synthetic biofuels process. Ch...

Choren opens biomass-to-liquid plant in Germany; company may add second synthetic diesel plant

In Germany, Choren Industries opened what it called the world's first biomass-to-liquid (BTL) plant, a 5 Mgy plant utilizing the Carbo-V process, in Freiburg, Saxony. The company said it would take up...

Biofuels Digest Special Report on Gasification & Pyrolysis: Germany’s Choren opens BTL gasification plant

Germany's Choren, opened a 5 Mgy biomass-to-liquid plant. The company said it would take up to 18 months to reach full productivity at the plant. The Carbo V process is a gasification process in which...

Valero takes over VeraSun investment in advanced biofuels developer Qteros

In Massachusetts, Valero has assumed the investment in advanced biofuels developer Qteros originally owned by bankrupt ethanol producer VeraSun Energy. Qteros, which raise $25 million last year in its...