QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Codexis Inc. (CDXS) Issues Update on Carbon Capturing Technology Development 0 comments
    Mar 1, 2011 11:10 AM | about stocks: CDXS

    Clean technology company Codexis Inc. yesterday announced it has achieved significant progress toward developing large-scale, economical technology to reduce carbon dioxide emissions from coal-fired power plants.

    The program is supported by an ARPA-E Recovery Act program grant. Alan Shaw, Ph.D., president and CEO of Codexis, noted how Codexis’ technology could eliminate the downsides of similar technologies that are currently being used to capture carbon.

    “Current carbon capture technology is inefficient and costly, hindering large-scale deployment,” Shaw stated in the press release. “It can nearly double the cost of electricity produced by a coal-fired power plant, and decrease the amount of total plant electricity output. Using Codexis technology, power plant operators may be able to use more efficient capture methods to decrease the cost of carbon capture. This, in turn, could lead to wider adoption of this important technology solution.”

    In May 2010, Codexis was chosen as the recipient of a $4.7 million ARPA-E Recovery Act program grant from the U.S. Department of Energy for development of innovative technology to remove carbon dioxide from coal-fired power plant emissions. As reported in the press release, the grant was one of 37 research projects that the DoE said “could fundamentally change the way the country uses and produces energy.”

    The grant supports enzymes developed by Codexis that are designed to decrease the amount of energy needed to capture CO2 from coal-fired power plants. Codexis’ enzymes have proven to be functional and stable in relatively inexpensive and energy efficient solvents for 24 hours at temperatures up to 75 degrees Celsius, with the potential to reduce the energy needed to capture CO2 within the plant by 30%.

    For more information visit codexis.com and co2solution.com

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net

    Stocks: CDXS
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.