Codexis
Codexis, Shell redefine relationship
Sugar Cane Grows on Oil as $71 Billion Bet Outspends D.C.
By Ken Wells – May 10, 2012 5:01 AM GMT+0100
BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.
In the U.S., Shell already produces small lots of so-called drop-in biofuels–engine-ready products that can replace gasoline from a plant in Houston that uses sugar beets and crop waste.