Novozymes, the world’s largest producer of industrial enzymes, is upbeat on growth opportunities in China. The Denmark-based biotech giant will increase investment in China, including in production and customer-facing activities, as the company’s local business grows, according to Peder Holk Nielsen, president and chief executive officer of Novozymes, during a trip to Beijing Monday [18 September 2017]…Full Article: ECNS.cn Sept 2017

Key Point

  • Denmark’s Novozymes supplies industrial enzymes to producers of ethanol, textiles, bread, and detergent. The company reportedly has a 48% global market share and is hoping to grow its business in line with China’s 2020 bioethanol gasoline push. As of 2017, the company had roughly 1,000 employees in China.

ChinaAg Comments

  • In September 2017, China announced it would institute nationwide ethanol use in gasoline by 2020. The common ethanol fuel mixture, E10 (i.e. 10% ethanol), is expected to be adopted across China and will likely benefit ethanol producers including, Shandong Longlive Bio Technology (SHE:002604) and COFCO Biochemical Anhui (SHE:000930). At the time, the Chinese government had already introduced ethanol in gasoline in 11 provinces, including Guangxi, Jilin, and Liaoning.
  • In 2016, China produced on average 2.1 million MTs of ethanol fuel annually and had a biomass energy capacity of 10 gigawatts (GW), which was below the target goal of 13 GB by 2015.
  • Founded in 2000 and headquartered in Bagsværd (near Copenhagen), Denmark, Novozymes A/S (CPH:NZYM-B) is biotech company that produces industrial enzymes, microorganisms, and proteins. In December 2013, Novozymes and Monsanto launched the BioAg Alliance, a joint initiative to develop microbial applications (i.e. promote phosphate uptake, pests/disease protection, etc.) for crop production.

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