Issue Date: February 7, 2011
Shell Exits Algae Venture With Cellana …
Royal Dutch Shell has sold its interest in the algae fuel joint venture Cellana to its partner, Hawaii-based biofuel company HR BioPetroleum. Shell and HR formed the venture in 2007 with the goal of building a demonstration facility to grow marine algae and produce algal oil for biofuel production. HR will take over Cellana’s 6-acre demonstration facility in Kona, Hawaii. It plans to pursue building a commercial facility on Maui.
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