Inbicon and Novozymes have signed an agreement to further develop and optimize the process and the enzymes for converting wheat straw to ethanol and byproducts (biopellets and molasses). Novozymes already provides enzymes to Inbicon’s new bio-refinery that opened its doors earlier this week. (Earlier post.)
Under the agreement, the two companies will further develop and optimize the process and the enzymes to reduce the enzyme consumption and the total costs to further advance the technology for a global commercialization.
According to Niels Henriksen, CEO of Inbicon, the challenge is to bring biofuel to the market at a low enough cost.
Biofuel based on plant residue offers a reduction in CO2 emissions of up to 90% compared to oil-based fuel, according to Novozymes.