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Shell preps for the future with acquisition of EV charging network
Royal Dutch Shell (or just Shell, if you're into the whole brevity thing) has already committed a billion dollars toward alternative fuels, and now it's showing us where some of that money is going. The gas station corporation has agreed to buy NewMotion, a Netherlands-based company that owns some 30,000 electric-vehicle charging points across Western Europe according to Reuters.
Shell Oil pulls the plug on its last algae biodiesel research project
Algae biodiesel has looked so promising (as in 100 times more fuel than corn or soy) that the U.S. Department of Energy gave $9 million to Cellana, a joint research venture between Shell Oil and HR Biopetroleum, specifically to look into the alternative energy source's prospects. It seems, however, that those prospects were no longer attractive to Shell, which has announced it will no longer pursue algae biodiesel, because it feels it doesn't have sufficient commercial viability. Partner HR Biopetroleum has stated it cannot continue the project on its own as Shell pursues other biofuel initiatives with other companies.
