Novozymes announces $2 per gallon cellulosic ethanol will arrive in 2011; dramatic enzyme breakthrough

Biofuels Digest
February 15, 2010

In Denmark, Novozymes announced that productivity increases with its new Cellic CTec2 enzymes have brought enzyme costs down to 50 cents per gallon, and will enable the biofuel industry to produce cellulosic ethanol at a price below USD 2.00 per gallon for the initial commercial-scale plants that are scheduled to be in operation in 2011. This cost is on par with gasoline and conventional ethanol at the current US market prices.

Read the full story