Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Novozymes Targets Top of Sales Range on Enzymes's Growth

Don't Miss Out —
Follow us on:

Jan. 31 (Bloomberg) -- Novozymes A/S, the world’s biggest maker of enzymes for biofuels, will collaborate with Sea6 Energy to convert seaweed into ethanol.

During the one-year partnership, Novozymes will develop enzymes to convert carbohydrates from seaweed into sugars, which can be fermented to produce ethanol, Adam Monroe, president of Bagsvaerd, Denmark-based Novozymes’ North American unit, said in a telephone interview. The sugars can also be processed into chemicals and proteins for food and fertilizers.

Sea6, based in Chennai, India, is developing technology to cultivate seaweed on a large scale in offshore structures, Monroe said.

“Seaweed contains a lot of sugar per drymass, and most of the things you make from crude oil, you can make from sugar,” Monroe said. “Once we’ve sorted out the optimal cocktail, we’ll work with Sea6 on the best processes to make fuel.”

Novozymes said last week that 2012 sales growth probably will be at the top end of its forecast range. The company fell 0.4 percent to 157 kroner in Copenhagen yesterday.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.