Novozymes: 50 Hottest Companies in Bioenergy candidate profile
Novozymes
Based in: Denmark
2008-09 ranking: #14
Business: Novozymes offers a leading technology platform for biofuel production, and is the leading enzyme provider for ethanol enzymes in all regions where we operate.With over 700 products used in 130 countries, Novozymes’ bioinnovations improve industrial performance and safeguard the world’s resources by offering superior and sustainable solutions for tomorrow’s ever-changing marketplace.
Model: Novozymes supplies enzymes to the bioethanol production industry and has more than 60% market share.
Past milestones:
In 2009, Novozymes launched three new products: the Cellic® product family for cellulosic bioethanol, which has the best cost performance of any cellulosic ethanol enzymes commercially available, and are our first commercial enzymes for cellulosic bioethanol; Spirizyme® HS, a high-strength formula for starch bioethanol which combines all of the benefits of the Spirizyme brand with lower costs; and Liquozyme® SC 4X for starch bioethanol, which combines all of the benefits of the best liquefaction brand on the market with lower costs.
In early 2009, Novozymes broke ground on a new USD 200 million production facility in Blair, Nebraska, to meet demand for enzymes for the production of first and second generation bioethanol.
In 2008, Novozymes launched the product Spirizyme® Ultra for starch bioethanol, our premium saccharification enzyme, a highly-effective glucoamylase that gives plants the potential for higher ethanol levels and shorter fermentation times.
Future milestones:
Novozymes will launch new enzyme products for both starch and cellulosic ethanol production, including our next cellulosic ethanol enzymes in 2010, which can provide a significant reduction in production cost performance.
Metrics: In 2008, Novozymes’ revenues were $1.6 billion; of this, approximately 14% was reinvested in R&D. We have more than 150 people in R&D dedicated to biofuel R&D working on various feedstocks and technologies for cellulosic bioethanol.
Novozymes quotable quotes: “In August, Novozymes CEO Steen Riisgaard told the Wall Street Journal that “There’s been a lot of turmoil in the fourth quarter of last year and the first half of this year. Most of that turmoil is coming to an end and there’s a better balance now between the capacity in use. The second half of this year should be better and next year we will start to see decent growth again in corn-based ethanol in the U.S.”
“Novozymes is the only enzyme provider to commit to providing commercially viable cellulosic enzymes by 2010, when we anticipate production costs for cellulosic bioethanol will become comparable with first generation. Novozymes expects to ship enzymes for cellulosic ethanol in 2010 and that the company expects cellulosic ethanol to be made on an “industrial scale” by 2012.”
The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.
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