Codexis lands $4.7M grant from DOE (Silicon Valley)
Codexis Inc. said Monday it will receive a grant of up to $4.7 million from the U.S. Department of Energy to help develop technology that will remove carbon dioxide from coal-fired power plant emissions.
This is the Redwood City company's first grant under the ARPA-E Recovery Act program.
Codexis (NASDAQ:CDXS) said that coal-fired power plants are major emitters of carbon dioxide, a significant greenhouse gas believed to contribute to global warming.
The company said its technology is based on customized carbonic anhydrase biocatalysts that have the potential to enable cost effective, energy efficient capture of carbon dioxide.
Read the full post in the Silicon Valley / San Jose Business Journal.
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