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Shell Gets Out of Algae Business 33

Last year , Shell’s officials announced that Shell will narrow its research paths in advanced biofuels from 10 advanced technologies to five in 2011, and described 2011 as “the year of choices”.

Last week, Shell announced that it will will exit its shareholding in Cellana, a joint venture between Shell and HR Biopetroleum. Today, HRBP will become the sole owner of Cellana, including its six-acre demonstration facility in Kona, Hawaii.

To support the transition, Shell has agreed to provide short-term funding to advance and focus the algae technology development program which is supported by stakeholders including the University of Hawaii, Hawaiian Electric Company, Maui Electric Company, the National Alliance for Advanced Biofuels and Bioproducts consortium, and the DOE.

Mon February 07 2011 06:27:12 AM by Parkavi 2882 views
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