Iogen Energy to refocus its strategy and activities
Apr 30, 2012
Iogen Energy has agreed to a new plan with its joint owners Royal Dutch Shell and Iogen Corporation to refocus its strategy and activities.
This refocusing will lead to a smaller development program at Iogen Energy and a loss of 150 jobs.
Shell continues to explore multiple pathways to find a commercial solution for the production of advanced biofuels on an industrial scale, but the company will not pursue the project it has had under development to build a larger scale cellulosic ethanol facility in southern Manitoba.
Iogen Corporation will continue to employ approximately 110 people at its Ottawa headquarters and plans to expand its line of offerings with new technology for the production of advanced and cellulosic biofuels.
Iogen Corporation’s successful industrial enzymes business will not be affected by these changes. The company offers cost-effective solutions to customers in the grain processing, animal feed, pulp and paper and textiles industries.
For journalists and media enquiries only: Reporters and editors may contact Shell Media Relations at firstname.lastname@example.org or 1-877-850-5023.
Reporters and editors may contact Lisa Hanke at Lisa.Hanke@iogen.ca or 1-613-733-9830.
More in Media
You may also like
The 2015 Annual Report and Form 20-F, the 2015 Sustainability Report and the Investors' Handbook are available on our global website for online reading and PDF downloads.