February 1, 2011

Shell exits algae biofuels

Is algae losing its green bubbling allure? Shell seems to think so as it sold its stake in algae biofuel developer Cellana to its joint venture partner HR BioPetroleum (HRBP).

Cellana was formed by Shell and HRBP in 2007 to build and operate a demonstration facility to grow and produce oil from algae for biofuel application. The company's demonstration facilities are said to be the most advanced among algae-to-biofuel companies in the US.

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