Tag: Novozymes

Novozymes’ Q1 hit hard by Midwest flooding

Novozymes’ Q1 hit hard by Midwest flooding

April 24, 2019 |

In Denmark, Reuters reports that this winter’s heaving flooding in the US’s Midwest that knocked out significant ethanol production negatively impacted Novozymes’ Q1 bioenergy-based sales, losses which the company’s CEO doesn’t see as possible to recuperate later in the year. About 13% of the country’s total ethanol production capacity was impacted by the floods. Q1 […]

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Novozymes sees 2G as a big opportunity for India

Novozymes sees 2G as a big opportunity for India

April 18, 2019 |

In India, Novozymes’ VP for biorefining commercial told the Business Standard newspaper that the country’s push towards 2G ethanol will not only help it achieve energy independence, but it will also create jobs in rural areas that are so desperately needed. The country’s biomass surplus is enough to produce 30 billion liters per year but […]

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Learnings from the Earnings – Who’s Up? Who’s Down?

Learnings from the Earnings – Who’s Up? Who’s Down?

March 23, 2019 |

The lucky 13 – with spring comes a sense of renewal and this season these lucky 13 bioeconomy bellwethers recently shared their 2018 and Q4 earnings to reveal uncertainties with trade wars, especially between the U.S. and China, some deals that fell through impacting losses, and pricing issues. But all is not lost as there […]

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CARBIOS and CARBIOLICE sign agreement with Novozymes for enzymes

CARBIOS and CARBIOLICE sign agreement with Novozymes for enzymes

February 17, 2019 |

In France, bioplastics company CARBIOS and its subsidiary CARBIOLICE, signed a co-development agreement with enzyme production leader Novozymes. Under the terms of this global and multi-year agreement, Novozymes will produce on an industrial scale the proprietary enzyme developed by CARBIOS and is committed to becoming, in the long term, exclusive supplier of CARBIOLICE. “This unprecedented […]

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Attis Industries teams with Novozymes on its biorefinery plans

Attis Industries teams with Novozymes on its biorefinery plans

January 16, 2019 |

In Georgia, Attis Industries Inc. announced it will collaborate with Novozymes A/S whereby Novozymes has committed to supplying the enzymes required by Attis to convert its pulp into sugar at all of its planned biorefineries. Novozymes has a broad portfolio of biotechnology to support commercial cellulosic biofuels production, and the ability to ramp up production as […]

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Novozymes posts first-quarter earnings

Novozymes posts first-quarter earnings

April 29, 2018 |

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 […]

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Novozymes unveils Innova Drive yeast platform for starch-based ethanol

Novozymes unveils Innova Drive yeast platform for starch-based ethanol

February 5, 2018 |

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 […]

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In for a Penny, In for a Pound: The Advanced Bioeconomy and all the pivots

In for a Penny, In for a Pound: The Advanced Bioeconomy and all the pivots

December 28, 2017 |

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 […]

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Fuels America leaders say “thank you, President Trump” for RFS support

Fuels America leaders say “thank you, President Trump” for RFS support

November 10, 2017 |

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 […]

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Novozymes bioenergy unit sees Q3 sales soar 16%

Novozymes bioenergy unit sees Q3 sales soar 16%

October 25, 2017 |

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 […]

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