In Denmark, Novozymes announced the launch of Fiberex, a comprehensive platform based on novel enzymes and yeast strains to convert corn fiber into ethanol. Fiberex is specifically aimed at breaking down tough fibers in the corn, providing producers with greater operational flexibility. The technology converts a low-value by-product into high-value, low-carbon fuel while also enabling […]
In Denmark, Novozymes is making changes to the Executive Leadership Team and created a new two-divisional structure – Consumer Biosolutions and Agriculture & Industrial Biosolutions – to allow for a stronger differentiation between sustainable solutions with consumer benefits, and sustainable solutions focusing on maximizing yields and optimizing processes for customers. This approach will drive stronger […]
In Denmark, with 4% organic growth in first half-year of 2020, Novozymes delivered a solid first half-year performance despite headwinds in the Bioenergy business. Novozymes’ biggest business area, Household Care, performed very well with sales growth of 11%, Food & Beverages grew by 7%, and Agriculture grew by 17%, while Bioenergy and Technical & Pharma […]
Like a cool glass of lemonade on a hot summer day, The Digest brings you the hottest Top 10 slide guides so far from this crazy year. It’s about the halfway point of 2020 and time to make lemonade from lemons, sit on the front porch, reflect on the year so far and where you […]
In Denmark, Syngenta and Novozymes are entering the commercialization phase of Taegro, a microbial foliar fungicide with broad spectrum potential. The two companies originally joined forces in 2012 to develop and market the product, and have now received the first wave of product approvals in Belgium, Bulgaria, Czech Republic, France, Germany, Greece, Honduras, Italy, Netherlands, […]
In Denmark, Novozymes is suspending its 2020 outlook following the COVID-19 outbreak, says social distancing is negative for bioenergy as demand for gasoline and ethanol drops in the U.S. and other main business areas likely to remain largely intact but with higher volatility. Since Novozymes’ most recent full-year outlook, issued on January 23, uncertainty about […]
In Denmark, Novozymes A/S held its Annual Shareholders’ Meeting last week and approved several resolutions such as the distribution of profit in accordance with the annual report for 2019 with payment of a dividend of about .77 cents (DKK 5.25) per share of .29 cents (DKK 2), an increase of 5% compared with 2018. They […]
In Texas, Novozymes announced the launch of its next yeast technology, Innova Fit. Fit is the most advanced non-GM yeast in the market – eliminating production constraints caused by conventional and basic yeasts. Fit provides ethanol plants with flexibility to achieve operational targets, while improving performance with enhanced reliability. The advanced Innova yeast allows producers […]
In Denmark, Novozymes announced 2019 financial results with a 1% increase in household care, but with decreases in food and beverages (-1%), bioenergy (-3%), agriculture & feed (-5%), and tech and pharma (-3%). EBIT margin 28.1% (~26% underlying). Net profit decline of 2%. Free cash flow before acquisitions DKK 2.2 billion. However, they expect a […]
In Nebraska, Green Plains Inc. and Novozymes announced an exclusive partnership and commercialization agreement for biological solutions in the production of high protein ingredients. The partnership will be aimed at aquaculture, pet food, as well as novel ingredients to be used in the global protein markets. The collaboration will utilize the biorefinery footprint, process know-how, […]
