Shell, which has been making headway into the world of biofuels, most recently with a major joint venture with Brazil’s Cosan, just announced that it will make a further investment in Iogen Energy for the purpose of accelerating the commercial deployment of Iogen Energy’s process for making cellulosic ethanol from agricultural residue. As part of the ongoing joint development agreement between Shell, Iogen Corp. and Iogen Energy, Shell has made a significant incremental commitment to fund research and development activities at Iogen Energy until mid-2012. “Shell remains committed to addressing today’s energy challenges through sustainable, advanced biofuels that take CO2 out of the transport fuels sector and diversify supply over the next 20 years. We believe accelerating the commercialization of cellulosic ethanol will help us to achieve that goal,” says Luis Scoffone, vice president of alternative energies at Shell.
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