• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Alt Text

“Grassoline” The Jet Fuel Of The Future?

Researchers have developed a process…

Alt Text

Is Cactus Gas The Future Of Biofuel?

A Mexican green energy startup,…

Alt Text

New Tech Could Turn Seaweed Into Biofuel

Scientists discovered an unlikely abundant…

Environmental Finance

Environmental Finance

Environmental Finance is still the only independent global magazine offering comprehensive coverage of the financial impact of environmental issues on the business community.  Leading industry…

More Info

Biofuels Company Teams Up with Enzyme Producer to Try and Kickstart Industry

Biofuels Company Teams Up with Enzyme Producer to Try and Kickstart Industry

A next-generation biofuels producer has formed a strategic partnership with the world’s largest supplier of industrial enzymes in a move they hope will kickstart the sector’s growth.

Novozymes has paid $115 million for a 10% stake in Beta Renewables – part of Italian company Gruppo Mossi & Ghisolfi and the operator of what it claims is the world’s largest cellulosic ethanol plant in Crescentino, Italy.

Beta Renewables will sell its own ‘Proesa’ technology for turning waste and non-food crops into biofuels alongside Novozymes’ enzymes, and the two companies will jointly market, demonstrate and guarantee the performance of their products, making it easier for projects to access funding.

Beta aims to help build 15 to 25 new plants in the next three to five years, which Denmark-based Novozymes estimates could add up to $175 million to its sales as a result of being the preferred supplier.

The tie-up comes days after the European Commission unveiled plans to cap the use of biofuels made from food crops in a move it hopes will encourage a boom in advanced biofuels, made from products such as waste, straw, or algae.

Although the European market for cellulosic biofuels has potential for expansion, the bulk of the opportunities are expected to be in the US and emerging markets in Latin America and Asia, Peder Holk Nielsen, executive vice-president at Novozymes, told Environmental Finance.

“This is about providing better guarantees to companies and about de-risking – we hope to see the market move faster than it otherwise would have done. Large-scale commercialisation of cellulosic biofuels is taking off, and this is a fantastic opportunity for Novozymes,” he added.

“This type of complete offering will significantly de-risk cellulosic biofuel projects financially as well as technologically for our customers,” said Beta Renewables’ chairman and CEO, Guido Ghisolfi. “It will make cellulosic biofuel projects bankable and accelerate large-scale commercialisation of the industry.”

In the past five years, Beta has invested more than $200 million in its Proesa technology. It is used in Crescentino, which is due to be fully up and running by the end of the year.

Beta recently secured a deal to build at least one plant in Brazil with GraalBio.

By. Peter Cripps




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News