Shell increases stake in Iogen Energy

Royal Dutch Shell PLC has boosted its interest in Iogen Corp. to 50% from 26.3% as the two companies work to accelerate their joint development effort toward cellulosic ethanol.

July 18, 2008

By OGJ editors
HOUSTON, July 17 -- Royal Dutch Shell PLC has boosted its interest in Iogen Corp. to 50% from 26.3% as the two companies work to accelerate their joint development effort toward cellulosic ethanol.

In 2002, Shell first took a stake in the privately held Iogen of Canada. A biotechnology company specializing in cellulosic ethanol, Iogen opened its first demonstration commercial plan in Ottawa in 2004 (OGJ, June 29, 2009, Newsletter).

Graeme Sweeney, Shell executive vice-president, future fuels, said July 15 that Shell is considering investing in a full-scale commercial cellulosic ethanol plant and is contributing to Iogen's detailed feasibility and design assessment work.