June 15, 2010
Novozymes, the world’s leading producer of industrial enzymes, and Lignol Energy Corporation, a leading company in the cellulosic ethanol sector, today signed a research and development agreement to make biofuel from wood chips and other forestry residues. 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.
Together, Lignol and Novozymes have the necessary know-how to turn wood residues into fuel. Lignol’s pre-treatment technology has established them as a leader in dealing with woody biomass and in February 2010, Novozymes launched enzymes that enable commercial production of biofuel from plant waste. The enzymes convert cellulose in biomass into sugars that can then be fermented into ethanol. 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.
Source : Press Release