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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 CE efficiency, the overall cost of cellulosic ethanol would drop from $3.50 per gallon today to $2.50.

Novozymes says US cellulosic ethanol will be profitable in 2015 without government subsidies

In Denmark, executives at Novozymes projected that US cellulosic ethanol will be profitable without government subsidies by 2015, conditioned on the price of crude oil rebounding to the $80-$120 per barrel range. The company, however, has concluded that Europe will miss out on cellulosic ethanol because they did not build a distribution infrastructure based on [...]

Agrivida, Novozymes see opportunities for North Carolina

In North Carolina, executives from Agrivida and Novozymes confirmed that the state, which is not a significant producer of corn, needed to focus on alternative crops and residues in order to meet a target of producing 10 percent of liquid fuels from local resources by 2017, as established in the state’s biofuels roadmap.
The Biofuels Center [...]

Novozymes to partner with China’s Sinopec, COFCO to develop cellulosic ethanol market

In China, Novozymes announced a partnership with  Chinese oil and energy company Sinopec to produce commercial-scale cellulosic ethanol from corn stover. Novozymes confirmed that their cellulosic ethanol enzymes will be available on a commercial scale in 2010, and will work with COFCO as well as Sinopec to develop a CE plant of unannounced capacity. Sinopec [...]

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 [...]

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 said that it would match the contract, and bring the total R&D investment to $25 million, and stated that the R&D project [...]