<maybe to concentrate on tar sands? I heard last night an estimate of 100 years to harvest all the oil in Alberta>
Last year , Shell's chief technology officer, Gerald Schotman, told Reuters that Shell will narrow its research paths in advanced biofuels from 10 advanced technologies to five in 2011, and described 2011 as "the year of choices".
Last week [after previously exiting their investment in Choren, a Fischer-Tropsch technology based in Germany] Shell announced that it will will exit its shareholding in Cellana, a joint venture between Shell and HR Biopetroleum. Today, HRBP will become the sole owner of Cellana, including its six-acre demonstration facility in Kona, Hawaii.
To support the transition, Shell has agreed to provide short-term funding to advance and focus the algae technology development program which is supported by stakeholders including the University of Hawaii, Hawaiian Electric Company, Maui Electric Company, the National Alliance for Advanced Biofuels and Bioproducts consortium, and the DOE.
"In keeping with Shell's portfolio approach to the research, development and commercialisation of advanced biofuels, this decision will allow Shell to focus on other options that have shown a better fit with Shell's biofuels portfolio and strategy."
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