Novozymes signs bioethanol enzyme deal with Brazil sugar cane industry UPDATE 09.13.07, 9:02 AM ET
COPENHAGEN (Thomson Financial) - Novozymes AS said it will sign a development agreement this afternoon with the Brazilian sugar cane industry's technical centre, CTC.
Under the agreement, Novozymes will contribute enzyme technology to develop bioethanol from bagasse, the dry pulpy residue left after the extraction of juice from sugar cane.
'We are really looking forward to the co-operation with CTC, being an important player in the Brazilian biofuels sector,' said Novozymes CEO Steen Riisgaard.
'The research agreement is part of our efforts to identify economically profitable processes within the development of biofuels from plant waste and other biomass,' he said. 'Although it will be a few years before we know the extent to which the cooperation can be commercialised, we see considerable potential.'
The agreement will be signed in Copenhagen later this afternoon in the presence of Brazilian president Luiz Inacio Lula da Silva and Danish prime minister Anders Fogh Rasmussen.
