Shell Oil to expand investment in Codexis, adds one more board seat; Codexis to further optimize Shell-Iogen cellulosic ethanol biocatalysts

In California, Codexis announced that it has received an increased investment from Shell to accelerate its development timetable for commercial biofuels. The company said that Shell will also take an additional seat on the Codexis board. Under the expanded agreement, Codexis will optimize the efficiency of Iogen Energy’s  cellulosic ethanol catalysts, as well as developing new to convert biomass directly into green gasoline or green diesel.

Codexis technology is used in the energy industry to enable next generation non-food biofuels and by global pharmaceutical companies for cost-effective manufacturing of human therapeutics.  Future commercial applications include carbon management, water treatment and chemical manufacturing.

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