DAVOS, Switzerland--Danish biotech company Novozymes will launch in the first quarter this year a new enzyme to produce transport fuel from agricultural waste, Chief Executive Steen Riisgaard told Reuters on Saturday.
That was the company's firmest guidance yet on the timing of the release of the new product, called Cellic, said Riisgaard.
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.
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.
"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.