Novozymes to enter biomass research agreement with China's CRAC  

2006.06.29
Denmark's Novozymes expects to sign a research agreement this week with China Resources Alcohol Corporation on development of biomass for bioethanol production in China

Denmark's Novozymes expects to sign a research agreement this week with China Resources Alcohol Corporation (CRAC) on development of biomass for bioethanol production in China. The aim is to conduct research into processes for production of cellulose-based biomass for bioethanol, also known as second generation bioethanol. Novozymes will also be developing the necessary enzymes for the production process.

As part of the three year research collaboration, CRAC will establish a pilot factory for production of bioethanol in Zhaodong in the Heilongjiang province. Novozymes expects China to become an important market for biofuels. The country is the world's second largest oil importer, and consumption of fuel has increased significantly in recent years in line with the number of cars.

China's central government has announced that it will invest USD 5 bn in expansion of bioethanol production, especially cellulose-based ethanol, over the next 10 years. The news was reported by financial daily newspaper Børsen and on Novozymes' website.

Novozymes is the biotech-based world leader in enzymes and microorganisms. Headquartered in Bagsværd near Copenhagen, the company employs 4,000 people, half of whom are employed in Denmark. Novozymes' 700 products are a key factor in the production of thousands of products used in everyday life. The company's B shares are listed on Copenhagen Stock Exchange.

Link > Novozymes 

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