Novozymes “years ahead” of competition on CE enzymes

In Switzerland, the CEO of Novozymes said at the World Economic Forum it was “years” ahead of its competitors in enzyme development for cellulosic ethanol, and said that plastics as well as fuel will come from local biorefineries of the future. Steen Riisgaard added that low oil prices created difficult conditions for ethanol production, but said that in the  US administration alternative energy policy, “second-generation fuel ethanol plays right into the centre of events.” The company increased its long-term growth targets and said it will commence shipping second-generation enzymes next year. Full coverage of the World Economic Forum in Davos is here.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Novozymes expands to Iowa, adds lab facility as enzyme operations grow

In Iowa, Novozymes has established a new laboratory facility for ethanol production at the Iowa State University Research Park in Ames. Novozymes which supplies enzymes for conventional and cellulosic...

Special Report on Cellulosic Ethanol: Novozymes aims for lower-cost enzymes with DOE funding support

In Denmark, the US DOE has given Novozymes a $12.3 million contract for R&D on reducing the cost of producing cellulosic ethanol from corn stover. The focus is on superior enzymes. The company sai...

Novozymes to cut cost of cellulosic ethanol enzymes by 50 percent, targets CE total costs of $2.50 per gallon

In Denmark, Novozymes announced that they will cut the cost of enzymes used in cellulosic ethanol by 50 percent to 50 cents per gallon by 2010. The company said that, combined with other increases in ...

Novozymes says China biofuels are key to global enzymes growth

In China, Novozymes said that increasing biofuel demand in China will be a key to the company's growth, although the company expressed its optimism for the market in terms of converting 10 percent of ...

Novozymes to build $100 million enzyme plant in Nebraska

In Nebraska, Novozymes said that it will construct a 50,000 ton enzyme plant in Blair at a cost of between $80 million and $100 million. The plant will produce enzymes for ethanol production, as well ...

Novozymes says Brazil can produce up to 2 billion gallons of cellulosic ethanol

In Brazil, Novozymes has released a report projecting that, by 2012, Brazil could commence commercial-scale production of cellulosic biofuel made from sugarcane residues, and could produce up to 2.1 b...