November 11, 2009

Shell abandons Choren

There are so many news to cover this week (and last week!) that I'll start with this one. It was a bit of a surprise that Shell abandoned their biofuel project with Germany-based CHOREN Industries but maybe Shell is cutting down as they're handling to many biofuel projects these days?? (See some of their activities in next generation biofuels in my ICB article published Oct. 5).

Choren announced last week that Shell sold its shares in the company to remaining shareholders that include a group of Hamburg-based entrepreneurs as well as car makers Daimler and Volkswagen.

Choren and Shell agreed not to disclose any information about this transaction so I guess we'll just wonder the reason behind this unless somebody will "anonymously" give a tip ; )


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