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AFX News Limited: Shell, Codexis to explore next-generation bio-fuels

11.16.2006, 11:48 AM
LONDON (AFX) – Shell Oil Products US, a subsidiary of Royal Dutch Shell PLC, and Codexis Inc., a privately held biotechnology company, said today that they are collaborating to explore enhanced methods of converting biomass to biofuels. Terms of the agreement were not disclosed.

‘Shell is committed to leading the development of second-generation biofuels that offer lower well-to-wheel CO2 production and enhanced performance,’ said David Sexton, Shell Oil Products’ president in the statement. ‘We are exploring the application of Codexis’ proprietary technologies to produce alternative fuels from renewable, sustainable sources.’

In 2005 Shell sold nearly 800 mln gallons of biofuel mostly in the US and Brazil, and markets fuels containing bio-components in a number of other countries.

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