America moved a step closer to making advanced biofuels
widely available for consumers when the U.S. Department of
Agriculture announced a $25 million partnership with to
support construction of a new advanced biofuels plant in the
United States.
Located in Blairstown, Iowa, the plant will produce 6 million
gallons of advanced biofuels per year when fully operational
in the first half of 2013.
"Advanced Biofuels are going commercial - and the innovation
behind turning trash into biofuels demonstrates how our
industry can create jobs and solve our nation's energy
needs," says Adam Monroe, President of Novozymes North
America. "Novozymes is proud to be a partner to this project,
supplying the enzymes to turn household and office waste into
advanced biofuels. We applaud the federal government for its
leadership in helping bring biofuels to market."
Fiberight will invest $20 million in the plant, combined with
the $25 million federal investment. The plant will employ
approximately 55 employees and and generate 100 construction
jobs.
"We truly believe that 2012 is the year for take-off in this
industry. Steel is going into the ground , more Americans are
going to work make biofuels and we anticipate seeing
significant volumes of biofuels as a result," says Craig
Stuart-Paul, CEO of Fiberight. "Our long-term and extensive
involvement with Novozymes has helped us development a
commercially-pathway to advanced biofuels - and today it's
been rewarded by the U.S. Government."
In addition to the commercial-scale project funded today,
Fiberight will have a smaller-scale producing and selling
ethanol in Lawrenceville, Virginia in 2012.
70,000 jobs
American ethanol helped create 70,000 jobs in 2010, according
to the Renewable Fuels Association. A recent analysis by
economists from the University of Wisconsin and Iowa State
University found growth in ethanol production also reduced
gasoline prices by an average of $0.25 per gallon, or 16
percent, from 2000 - 2010.
A strong federal partnership, and smart policies like the
Renewable Fuel Standard, are critical to job-creation
and Americans getting the best prices and choices at the
pump.
Novozymes a key partner
Cellulosic ethanol is produced from biomass such as wheat
straw, corn stover, municipal waste, or energy crops, which
is first broken down into a pulp. Enzymes are then added,
turning the pulp into sugar which is fermented into ethanol.
Novozymes, the world's leading provider of enzymes to the
biofuels industry, has collaborated closely with Fiberight to
streamline the production process and will supply enzymes for
the plant.
Media relations contacts:
U.S. - Chris Bender
Office: 919-494-3944
Mobile: 202-615-0966
csbd@novozymes.com
Denmark - Johan Melchior
Mobile: +45 3077 0690
jmel@novozymes.com
Investor Relations
U.S. - Thomas Bomhoff
Office: 919-494-3279
Mobile: 919-218-4501
tsbn@novozymes.com
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