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Novozymes welcomes new US biofuel requirements

US authorities are now significantly increasing requirements for renewable fuel volumes for 2017 and this will likely involve increased use of enzymes from Denmark's Novozymes.

Photo: Novozymes/ PR

The US government has set out its 2017 requirements for the amount of bio-ethanol which energy producers must mix into US gasoline and diesel and the new level is record-high. This is good news for the otherwise pressured Danish enzyme company Novozymes.

The company's largest market is the US, meaning that it can likely look forward to supplying more enzymes to US ethanol producers, but the requirements come as bad news for US oil companies, on the other hand.

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