(Notícia em Inglês)
Shell is out of the Algae biofuel game after Cellana, a joint venture formed by Shell and HR Biopetroleum, bought out the petro giant’s shares.
In the exit agreement, Shell agreed to supply short-term funding to the company now supported by stakeholders such as the University of Hawaii, Hawaiian Electric Company, Maui Electric Company, the National Alliance for Advanced Biofuels and Bioproducts consortium, and the DOE.
“In keeping with Shell’s portfolio approach to the research, development and commercialization of advanced biofuels, this decision will allow Shell to focus on other options that have shown a better fit with Shell’s biofuel portfolio and strategy,” stated Shell in their official response.
Chief Technology Officer Gerald Schotman said last year in an interview with Reuters that Shell will taper the range of their research from the 10 advanced biofuel technologies at the time to five in 2011, allowing the company to stick to the biofuels they see as most relevant for a profitable future.
mobilemag.com»
In the exit agreement, Shell agreed to supply short-term funding to the company now supported by stakeholders such as the University of Hawaii, Hawaiian Electric Company, Maui Electric Company, the National Alliance for Advanced Biofuels and Bioproducts consortium, and the DOE.
“In keeping with Shell’s portfolio approach to the research, development and commercialization of advanced biofuels, this decision will allow Shell to focus on other options that have shown a better fit with Shell’s biofuel portfolio and strategy,” stated Shell in their official response.
Chief Technology Officer Gerald Schotman said last year in an interview with Reuters that Shell will taper the range of their research from the 10 advanced biofuel technologies at the time to five in 2011, allowing the company to stick to the biofuels they see as most relevant for a profitable future.
mobilemag.com»