DOW JONES NEWSWIRES
Novozymes and Lignol Energy, Tuesday signed a research and
development agreement to make biofuel from wood chips and other
forestry residues.
MAIN FACTS:
-The partners aim to develop a process for making biofuel from
forestry waste at a production cost down to $2 per gallon, a price
competitive with gasoline and corn ethanol at the current US market
prices.
-"Novozymes' goal is to enable commercial production of
cellulosic biofuel from a wide range of feedstocks," says Claus
Crone Fuglsang, Senior Director of BioEnergy R&D in
Novozymes.
-The parties plan to use Lignol's industrial pilot plant in
Burnaby, British Columbia, Canada to optimize both Lignol's process
and Novozymes' enzymes on different types of forestry waste.
-Later, Lignol plans to construct large-scale biorefineries for
the production of cellulosic biofuel from wood chips and forestry
residues.
-The agreement between Lignol and Novozymes formalizes a
Memorandum of Understanding between the partners from February
2010.
-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090;
djnews.stockholm@dowjones.com