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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs