Friday, June 3, 2011

Shell transfers stake in biofuels company Codexis to Raizen

Royal Dutch Shell has sold its 15.7 percent stake in Codexis to Raizen Energia Participacoes S.A., the $12 billion biofuels joint venture Shell has with Cosan Limited.
Raizen is now Codexis' largest shareholder and can appoint a member to the Codexis board of directors.
Codexis, based in Redwood City, produces enzymes that break down renewable materials or sugars and convert them into fuels.

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