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, […]
Using biological solutions, exclusive partnership to create functional proteins that provide customers with superior nutritional benefits for animal feeds. Green Plains and Novozymes’ collaboration will utilize the biorefinery footprint, process know-how, and global distribution capabilities of Green Plains together with Novozymes’ vast expertise in microbiology to create a diverse range of value-added products resulting in […]
In Denmark, on February 1, 2020, Ester Baiget will take up the position as President & CEO of Novozymes. Ester is currently business president for Dow’s Industrial Solutions business unit and a member of the executive leadership team. She joined Dow in 1995 as an engineer in Tarragona, Spain. Since then, she has held manufacturing, […]
In Minnesota, U.S. Water Services, Inc. and Novozymes have settled a U.S. patent infringement action U.S. Water brought against Novozymes alleging infringement of U.S. Patent Nos. 8,415,137 and 8,609,399, and the validity of the patents was upheld by the Court of Appeals for the Federal Circuit. The terms of the settlement are confidential. The United […]
In Denmark, Novozymes is making organizational changes to drive stronger growth and deliver on its updated corporate strategy, “Better business with biology,” according to their press release. Changes will free up resources which will be made available for reinvestments where they have higher impact, including layoffs for about 280 – 330 employees globally, of which […]
