REDWOOD CITY, Calif. Feb. 28, 2011 Washington, DC
James Lalonde Quebec, Canada
The grant supports development of custom enzymes to decrease energy needed to capture CO2 from coal-fired power plants. Enzymes developed by Codexis under the grant have been shown to be functional and stable in relatively inexpensive and energy efficient solvents for 24 hours at temperatures up to 75 degrees Celsius. Use of these solvents with fully developed enzymes is expected to reduce the energy needed to capture CO2 within the plant by 30%.
This performance is essential to reaching a key goal of the program – using improved technology to reduce the incremental cost of electricity with carbon capture from an 80% increase using presently available technology to no more than a 35% increase.
May 2010 $4.7 million
February 10, 2011
Investors: Robert Lawson, [email protected] , 650-421-8137.
SOURCE Codexis, Inc.