Fuels giant Royal Dutch Shell said on Wednesday that it has expanded its development partnership with Codexis to build advanced biofuels.
As part of the five-year deal, Shell will take an equity stake in the 5-year-old company and a seat on its board.
Shell said the extension of the existing research with Codexis will focus on using non-food biomass sources to make "high-performance fuels."
Rather than target ethanol production through this partnership, Shell intends to make hydrocarbons from plants--that is, low-carbon liquid fuels that closely resemble existing fuels.
Codexis has a process that allows it to create what … Read more