In Denmark, Novozymes posted first-quarter earnings slightly above forecasts but sales through its BioAg alliance with U.S. seeds company Monsanto Co were hit by Indian tariffs, according to Reuters. Novozymes posted operating profit (EBIT) of 1.016 billion Danish crowns ($166.43 million), in line with the same quarter last year, but slightly above the 990 million […]
In Denmark, Novozymes revealed its new yeast platform for starch-based ethanol, while also introducing the first product, Innova Drive. A completely new yeast strain, the product can reduce fermentation time by up to two hours compared to current yeasts. The new yeast is also tougher, continuing to ferment in adverse conditions such as higher organic […]
It’s been such a busy cycle in the bioeconomy that we are well overdue for a shout-out to a pal of the Digest, Henry Threadgill, for winning a Pulitzer Prize for his landmark composition, In for a Penny, In for a Pound. Threadgill’s masterpiece (which you can experience here) comes to mind as news arrives […]
In Washington, a coalition of the nation’s leaders in advanced and cellulosic biofuels thanked President Trump for his commitment to the RFS, which “has attracted billions of dollars of investment in first-of-a-kind technologies in the advanced and cellulosic biofuels industry.” They also express concerns about the EPA’s July proposal to reduce White House-approved growth in […]
In Denmark, Novozymes’ bioenergy unit saw sales soar 16% during Q3, compared to 3% as predicted by analysts, as ethanol producers bet on the company’s enzymes boosting their own production thanks to increased buying power. But the CEO told Reuters that for Novozymes’ growth to continue new ethanol plants must be built and that isn’t […]
Novozymes is a world leader in biological solutions. Together with customers, partners and the global community, the company supplies innovations to the world’s leading companies across 40 markets. Our solutions improve the sustainability performance of our customers and partners — best known for industrial enzymes, the company is highly active also in agriculture, biomass conversion, […]
In Denmark, Novozymes announced the launch of Spirizyme 2.0 T and Spirizyme Ultra T for the European ethanol market. The two products are part of the Spirizyme T Portfolio, glucoamylase enzymes with trehalase that deliver yield enhancing activities documented to provide the highest total sugar conversion in the industry. The products have a low risk […]
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, […]
In today’s Digest, let’s look at trends driving the industry’s results at scale — and while money is not the measure of all progress, it is the ultimate yardstick and especially for companies that have reached industrial scale. So, let’s look at Q2 earnings statements now just coming out from four of the sector’s signature […]
In Nebraska, Novozymes announced a $36M expansion of its enzyme manufacturing plant in Blair, Nebraska – an investment to increase capacity for the production of enzymes for biofuels in the US and globally. At the same time, we are also celebrating five years of successful operation in the state thanks to strong partnerships with local, […]
