Carbon

Carbon emissions from coal-fired power plants and other point sources are a leading source of air pollution and greenhouse gases. Government-mandated caps on these emissions in Europe have created a substantial market for mitigating technologies since implementation in 2005. Large market opportunities are expected in the United States and other parts of the world as regulations are adopted. Codexis is developing technology to enable carbon capture for use by power plants and other significant point source emitters. This technology would reduce emissions and permit safe storage of carbon waste at a fraction of the cost of currently available alternatives.

Water

Codexis technology can be applied to multiple emerging environmental markets that are widely expected to gain increasing importance in coming years. The need for clean water is particularly acute in developing nations, where lack of access to clean water leads to disease and economic instability. The World Health Organization estimates returns up to around $30 for every $1 invested in safe drinking water and basic sanitation.

Chemical Manufacturing

Chemical manufacturing represents another major growth opportunity for clean technology. Current chemical manufacturing is predominantly petroleum based, including many common products such as clothing, construction materials and household cleaners. Availability of alternative chemical processes derived from renewable sources could not only dramatically reduce this industry's environmental impact, but would also create substantial market opportunities, while decreasing our dependence on foreign oil.