Tag: Novozymes

European Investment Bank lends Novozymes $122M for R&D

European Investment Bank lends Novozymes $122M for R&D

December 28, 2020 |

In Denmark, the European Investment Bank (EIB) has signed a $122 million loan with Novozymes. The financing will support the company’s R&D investment plans for the coming years, and will mainly benefit R&D activities for discovering and producing enzymes that can be used in both industrial and home activities, reducing the need for traditional chemical products. […]

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Novozymes launches new enzyme solutions to boost corn oil and ethanol yields

Novozymes launches new enzyme solutions to boost corn oil and ethanol yields

December 14, 2020 |

In Denmark, Novozymes has expanded its portfolio of innovative enzyme solutions for the bioenergy industry with the launch of Fortiva Hemi. The unique new product brings novel enzymes to liquefaction that enable unmatched substrate conversion to deliver the highest corn oil and ethanol yields possible. Effective across the broadest pH and temperature ranges, it is […]

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Novozymes 2020 organic sales growth outlook updated, now expected at 0%

Novozymes 2020 organic sales growth outlook updated, now expected at 0%

December 13, 2020 |

In Denmark, Novozymes reports that the 2020 organic sales growth outlook is now expected at 0%, from previously -2% to +2% following reduced uncertainty to the market development, and a new reporting structure has been introduced as a result of the recent organizational changes, including new segments like “Grain & Tech Processing”. Their new segments […]

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Novozymes reports 1% organic sales growth in first 9 months of 2020

Novozymes reports 1% organic sales growth in first 9 months of 2020

October 25, 2020 |

In Denmark, Novozymes released Q3 and year to date reporting that showed satisfactory performance despite COVID-19 implications. Q3 impacted by destocking, as expected. Full-year EBIT margin and FCF outlook raised. Organic sales growth outlook maintained with midpoint of range as the most likely outcome. Organic sales growth of 1% (Q3: -3%) in the first nine […]

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Novozymes launches Fiberex corn fiber-to-ethanol platform

Novozymes launches Fiberex corn fiber-to-ethanol platform

September 17, 2020 |

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 […]

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Two EVPs leaving Novozymes, changes to management team, new divisional structure

Two EVPs leaving Novozymes, changes to management team, new divisional structure

September 6, 2020 |

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 […]

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Novozymes delivers solid first half-year of 2020 considering COVID-19 challenges

Novozymes delivers solid first half-year of 2020 considering COVID-19 challenges

August 9, 2020 |

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 […]

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Top 10 Slide Guides of 2020 so far

Top 10 Slide Guides of 2020 so far

July 6, 2020 |

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 […]

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Syngenta and Novozymes launch unique biofungicide in Europe and Latin America

Syngenta and Novozymes launch unique biofungicide in Europe and Latin America

May 3, 2020 |

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, […]

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Novozymes suspends 2020 outlook because of COVID-19, reports Q1 sales growth of 10%

Novozymes suspends 2020 outlook because of COVID-19, reports Q1 sales growth of 10%

April 12, 2020 |

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 […]

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