Where is Novozymes compared to the competition?
Novozymes is a bioinnovation company. We use biotechnology and provide enzymatic solutions to more than 30 industries around the world. To the biofuel industry Novozymes is developing and producing cutting-edge enzyme technology. While some of our competitors pursue business models that include the development and operation of ethanol plants, we believe that we best serve the biofuel industry by focusing on advancing the necessary enzyme technology. Novozymes believes that the advances made in enzyme development and cost reduction under the DoE/NREL subcontract demonstrate our industry leadership in the development of commercially viable enzyme technologies for lignocellulosic biomass hydrolysis. The DECREASE project (Development of a Commercially Relevant Enzyme Application System for Ethanol), which has been initiated with the DoE, will provide the extra efficiency needed to further decrease enzyme loading – to a point where cellulosic ethanol becomes cost efficient for the industry
