EnergyWatch

Novozymes gains opportunities from nations scurrying for energy independence

The Danish enzymes producer can take on an important role in the struggle to cut dependency on Russian fuel. Companies are already noting strong policy signals boding well for the bioenergy business in the long term.

Photo: PR / Novozymes

This year’s first quarter has been smooth sailing for Novosymes’ bionergy division, showing organic growth as high as 27 percent.

Novozymes Chief Financial Officer Lars Green says the fine results are attributable to the attractiveness of being an ethanol producer these days on account of enjoying a favorable production economy, thereby reinforcing demand.

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