What obstacles does Novozymes see in the commercialization of lignocellulose to ethanol technology?
• Feedstock production, collection, delivery, and storage • An integrated conversion process that includes pretreatment, hydrolysis and a fermentation process able to utilize C5 sugars • The high barrier to entry as the first commercial facility due (in part) to the high capital costs associated with the construction of a commercial plant The challenges of being a first mover in an industry that defies conventional capital venture ideology are daunting. The funding needed to move to commercial-scale production does not exist at this time. To bridge this gap will require that governments share the financial risk of designing and building the first generation of commercial facilities. While this is recognized by many governments, long term government policy/funding coherence is (in general) lacking and will be needed to support the development of this industry. What plans does Novozymes have to work in these areas? At what stage of work are these areas today? Novozymes’ main focus is in
