http://www.reuters.com/article/smallBusinessNews/idUSTRE57B2QF20090812 Biotech startup Codexis eyes emerging carbon market
Wed Aug 12, 2009 10:04am EDT
By Poornima Gupta
SAN FRANCISCO (Reuters) - U.S. biotechnology company Codexis, which is partly owned by Royal Dutch Shell Plc, is expanding its product offerings to target the emerging market for carbon capture and storage, President and Chief Executive Officer Alan Shaw said on Tuesday.
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Coal companies, governments and environmental activists are hoping for breakthrough technologies that will help trap, transport and bury underground carbon dioxide, the main greenhouse gas blamed for global warming.
The Redwood City, California-based company has been mostly focused on the pharmaceutical and biofuels sector, but is now actively looking for a partner to help the company market an enzyme that helps captures carbon dioxide from smokestacks of coal-fired power plants.
"Coal is not going anywhere fast," Shaw said. "There's an urgent need to take carbon dioxide out of coal-fired power stations."
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