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	View Edit Domain: BioEnergy Title: * Body: DAVOS, Switzerland - Danish biotech company Novozymes would launch in the first quarter this year a new enzyme to produce transport fuel from agricultural waste, its chief executive Steen Riisgaard told Reuters on Saturday.<br /> <br /> That was the company's firmest guidance yet on the timing of the release of the new product, called Cellic, said Riisgaard.<br /> <br /> Novozymes has a 47 percent market share in the global enzyme industry, for use for example in the food and washing products industry, as well as bio-ethanol.<br /> <br /> U.S. ethanol producer POET has trialed the Novozymes enzyme on a limited basis for a couple of months, but following the launch it would be available generally on a commercial basis.<br /> <br /> "It's going to be ready in commercial quantities. You have to be able to do it at a big scale. We are building a facility at a new factory in Nebraska just for this purpose," Riisgaard said.<br /> <br /> He said the company could show that its new product would be competitive with corn-based ethanol and gasoline.<br /> <br /> "We can demonstrate ... a total cost including the capital cost for building a factory will be in the order of 225 cents (per gallon). In the U.S. there is a subsidy of 101 cents which makes it certainly competitive with corn-based, where the subsidy is only 46 cents.<br /> <br /> "It's going to be a good business ... if they (ethanol producers) can rely on the continuation of the subsidy," he said.<br /> <br /> He expected a widespread commercialization of cellulosic ethanol production by 2013, "in the best case."<br /> <br /> Riisgaard was positive about demand from China, where he said senior executives at oil company Sinopec had told him they would be credited for increasing efficiency and using low-carbon fuels.<br /> <br /> The purpose of alternative transport fuels is to cut dependence on imported oil and cut carbon emissions compared with burning fossil fuels.<br /> <br /> Ethanol derived from corn has faced criticism for increasing pressure on agricultural land, stoking food prices, leading to a hunt for potent enzymes which can break down tough fibers in wood chips or agricultural waste - called cellulosic ethanol.<br /> <br /> Novozymes made sales of about 1.2 billion euros ($1.69 billion) last year, and was retaining its long-term target to grow 10 percent per year, said Riisgaard. It expected 2 to 6 percent growth this year, in local currencies, following 2 percent growth in 2009.<br /> <br /> "Listening to many of the economists here I think we have reasons to be cautious," he said on the sidelines of the World Economic Forum in Davos.<br /> <br /> Copyright ©2010 Thomson Reuters<br /> Captcha: Please Enter Code : * Time Zone: * Select the time zone Vocabularies Newsletter: Domain: Show summary in full view Input format Filtered HTML Web page addresses and e-mail addresses turn into links automatically. Lines and paragraphs break automatically. Full HTML Web page addresses and e-mail addresses turn into links automatically. Lines and paragraphs break automatically. news_filter Web page addresses and e-mail addresses turn into links automatically. More information about formatting options			Related Articles Adventurer demands more green action Lignol and Novozymes to Collaborate on Biofuel from Wood Novozymes explores seaweed-to-ethanol in India Biofuels to power the future John Lindt: Biofuel maker to double employees New enzymes turn waste into fuel Mansfield, Noble merge ethanol marketing divisions ADM to close ND ethanol plant Fiberight cellulosic ethanol project lands $25M USDA loan gu... Novozymes, Dedini in sugar-based biofuel MoU Top BioEnergy Articles

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