EnergyWatch

Novozymes to still run on bioethanol

Upon a standout financial report on the company's bioenergy business, CFO says there are still fine growth opportunities in the industry.

Photo: PR / Novozymes

Novozymes is back on track. After the coronavirus pandemic put the Danish enzyme producer's bioenergy division in the lowest possible gear due to the crucial US market going on lockdown, drastically reducing car mileage, the reopening has entailed a corresponding positive change. More precisely, improved sales by more than 50 percent.

Ahead looms another potential slowdown, however. Not in the form of reduced mileage but rather the way people are going to drive. Exemplified both by the massive infrastructure bill passed by US politicians earlier in the week and by President Joe Biden's announcement last week that half of the cars sold in the US must be electric by 2030.

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