Novozymes’ H1 bioenergy sales up 7% thanks to increased US ethanol production

August 16, 2017 |

In Denmark, Novozymes’ bioenergy sales rose 7% during the first half of the year to $206 million, in part thanks to increased conventional ethanol production in the US during the period that rose 4% on the year. The company expects ethanol production to fall during the second half of the year due to significant stocks, so sales are expected to fall in line, leaving end-of-year results slightly stronger than last year. The company also said it is preparing to launch its biomass conversion business.

Novozymes: The Digest’s 2015 5 Minute Guide

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