New Cellic CTec2 enzymes enable biodiesel industry to produce cellulosic ethanol at below $2 / gallon

Novozymes calls product 1st commercially viable enzymes for biofuel production from agricultural waste

Initial commercial scale plant scheduled to be in operation in 2011

Cost on par w/ gasoline and conventional ethanol at current US market prices

Fermentative cellulosic ethanol production uses enzymes to break down cellulose in biomass

Product works on many different feedstock types

Including corn cobs and stalks, wheat straw, sugarcane bagasse, and woodchips

Novozymes CEO Steen Riisgaard announced launch at Renewable Fuels Assoc 15th Annual National Ethanol Conference

Partnered w/ leading biofuel industry companies to help accelerate process technology development, implementation

Novozymes welcomed recent support from Obama Administration in the form of RFS2 rules from the EPA

Will reignite investments in new biorefineries across the US

However, removing E10 blend wall to enable a move to higher blends such as E15

Promotion of E85 still needed to meet cellulosic ethanol targets defined by Renewable Fuel Standard