Novozymes Predicts $0.50 Per Gallon Biofuel in 2010

Novozymes, a leading industrial biotechnology company with a major facility in Salem, Virginia, projects cellulosic ethanol enzyme costs as low as $0.50 per gallon by 2010.

At World Biofuels Markets, Novozymes global marketing manager Cindy Bryant credited the company?s Cellic enzyme product family for ?achieving the best cost/performance ratio seen so far? and helping to enable cellulosic ethanol pioneers to make CE a reality. Bryant said that Cellic had a wide versatility proven on different feedstocks and processes, and that the company expects enzyme costs for cellulosic ethanol to come down to the $0.50-$1.50 per gallon range by 2010, down from $2.00-$4.75 per gallon in 2007.

Jim Lane

Mar. 17, 2009 (Biofuels Digest delivered by Newstex) --