Codexis Inc. (CDXS) Issues Update on Carbon Capturing Technology Development
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…