Codexis, Shell agreement intact, renewal negotiations ongoing

Ethanol Producer Magazine
By Holly Jessen
June 13, 2012

A few news reports about the termination of a three-way research agreement between Shell, Iogen Energy Corp. and Codexis Inc. made a mountain out of a molehill, said Wes Bolsen, vice president and chief marketing officer. It was really just a housekeeping item. “It didn’t affect at all the two-way agreement between Shell and Codexis,” he added.

The Shell, Iogen and Codexis research agreement is terminated effective June 30, according to a two-paragraph notice at the end of a document filed June 7 with the U.S. Securities and Exchange Commission. The move follows the April 30 announcement from Shell and Iogen that 150 employees were laid off at Iogen’s headquarters and a Shell-led proposed cellulosic ethanol project was scrapped. Codexis had been collaborating with Shell and Iogen on the conversion of cellulosic biomass to ethanol but was not receiving any research funding under this agreement, Bolsen said.

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