Novozymes Sees China Opportunity | April 27, 2009 Issue - Vol. 87 Issue 17 | Chemical & Engineering News
Volume 87 Issue 17 | p. 14 | Concentrates
Issue Date: April 27, 2009

Novozymes Sees China Opportunity

Department: Business

Novozymes, the world's largest enzymes producer, has released a report predicting that China can develop a cellulosic ethanol industry that employs 6 million people by 2020. Jointly prepared with the consulting firm McKinsey & Co., the report estimates that China can produce ethanol from agricultural waste at a cost of $2.50 per gal by 2010 and $1.50 per gal by 2015. In February, Novozymes and its Chinese partner COFCO signed a deal with the oil giant Sinopec to commercialize ethanol made from corn stover.

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