Showing posts with label Royal Dutch Shell. Show all posts
Showing posts with label Royal Dutch Shell. Show all posts

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.