Novozymes plant gets clean energy tax credit

roanoke.com (Roanoke, Virginia)
January 11, 2010

Novozymes, a Denmark-based biological technology company whose worldwide operations include a presence in the Roanoke Valley, has received a $28.4 million tax credit for a new company in Blair, Neb.

The credit is part of the federal stimulus package, which provided a total of $2.3 billion to 183 manufacturing facilities in 40 states. It amounts to a 30 percent tax credit rewarding "clean energy technologies."

The new Nebraska facility produces enzymes to help create renewable biofuels, such as ethanol. According to the company, it is creating products that can be used to produce what are known as first- and second-generation bioethanols.

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