Shell shakes off green fuel stake
The Netherlands’ energy major Shell has sold its stake in second generation biofuels producer Choren.
Choren is building Germany's first cellulosic ethanol plant using non-food raw materials as feedstock with a commercial operational target of 2010.
Shell sold its minority shareholding to other shareholders, which comprise German vehicles groups Volkswagen and Daimler plus a consortium of investors largely from the Hamburg region.
The plant is being built in Freiberg in south Germany to produce about 15,000 tonnes of biomass-to-liquid (BTL) fuels largely using wood products and wood-based waste as feedstock.
Choren is building Germany's first cellulosic ethanol plant using non-food raw materials as feedstock with a commercial operational target of 2010.
Shell sold its minority shareholding to other shareholders, which comprise German vehicles groups Volkswagen and Daimler plus a consortium of investors largely from the Hamburg region.
The plant is being built in Freiberg in south Germany to produce about 15,000 tonnes of biomass-to-liquid (BTL) fuels largely using wood products and wood-based waste as feedstock.
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