Novozymes banks on bioenergy

People's Daily Online English (China)
09:26, September 09, 2010

Danish biotech company Novozymes said on Wednesday that it is banking on the rapid growth of China's bioenergy industry to boost its portfolio in the country, the company's second-largest overseas market.

The company has teamed up with the country's leading agricultural products manufacturers, Cofco Group and China Petroleum & Chemical Corporation (Sinopec), to build a second-generation bioethanol demonstration project, in which Novozymes will supply with enzymes.

The cellulosic biofuel project, which develops ethanol from corn stover, is different from first-generation projects, which turn crops like corn and sugarcane into fuel.

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