Novozymes explores carbon capture market entry

In the Danish company's efforts to avoid placing all its eggs in one basket, Novozymes' new strategy entails entering up to 15 new ventures per year, with the enzyme producer already now exploring business opportunities within carbon capture.

Photo: Stine Bidstrup/ERH

Novozymes recently presented a new business strategy meant to advance the company's future by, among other things, doubling sales. The underlying idea is to create a "biotechnology powerhouse" by exploring a wide range of new business areas between 2025 and 2030 and thus achieve the full potential of biotech diversification.

Here, Novozymes Executive Vice President Amy Byrick revealed that, rather than betting its chips on only a few items, the group will develop up to 15 new ventures annually.

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