Biofuel catalyst maker Codexis abandons $100 million IPO, citing market conditions

September 4, 2008

In New York, biocatalyst developer Codexis, which numbers Chevron, Bio*One Capital and Pfizer among its investors, cancelled a $100 million IPO, citing “unfavorable market conditions”. The company manufacturers catalysts for the biofuels and biotech industries. Shell had invested in the company last November to explore catalysts for biofuels.

Codexis licenses biomanufacturing technology for $10 million, to improve enzyme production cycle time

In Florida, Dyadic International announced that it has licensed its biomanufacturing technology to Codexis for $10 million. Codexis said that it would use the technology in conjunction with its synthe...

Shell purchases stake in Codexis, an enzyme manufacturer for cellulosic ethanol

Shell has purchased an undisclosed stake in stake in Codexis, a company which manufactures enzymes for the cellulosic ethanol production process. Codexis executives said that they expect to build a co...

Renewable Energy Group cancels $150 million IPO, citing market conditions

In Iowa, Renewable Energy Group cancelled its $150 million IPO, citing poor market conditions. The company had hoped to use proceeds from the IPO to fund one-third of the construction costs of 180 Mgy...

Shell exec: Tie biofuels incentives to specific carbon reductions from each fuel type

Royal Dutch Shell executive Graham Sweeney said that government policymakers should link biofuels incentives to the carbon-reducing qualities of the fuel. He said that mandates do not take into accoun...

Dial Energy abandons 100 Mgy corn ethanol project in Illinois over feedstock, financing issues

In Illinois, Dial Energy has abandoned plans to construct a 100 Mgy corn ethanol plant in Abingdon, citing high feedstock prices and financing difficulties. The company originally projected to commenc...

$25 million solid-catalyst biodiesel plant to be built in Indiana; will reduce cost of biodiesel production

In Indiana, Benefuel and Seymour Biofuels will invest $25 million to build a solid-catalyst biodiesel plant in Seymour. The 10 Mgy plant will commence operation in 20101, and will be operated by Seymo...

Written by Jim Lane · Filed Under Producer News