Iogen, Shell expand cellulose partnership

By | September 08, 2008
Royal Dutch Shell PLC has increased its shareholding percentage in Ottawa-based Iogen Corp.'s subsidiary technology development firm from 26.3 percent to 50 percent. The increased ownership is part of an agreement between Iogen and Shell to extend their existing partnership for the purpose of accelerating the development and production of cellulosic ethanol. The companies first partnered in 2002 when Shell purchased an equity stake in Iogen. As part of the extended partnership, Shell will also invest in Iogen and contribute to full-scale cellulosic ethanol production feasibility and design assessment work being conducted by Iogen.