Novozymes to close more deals in China
Denmark’s Novozymes, the world’s leading industrial enzyme producer, is now in talks over a series of projects that will boost its presence in China’s growing biochemical sector, a company executive said.
Michael Christiansen, president for Novozymes China, told a media briefing that the company was discussing projects with "six or seven" firms looking to produce value-added downstream products such as plastics and fibres from agricultural waste, a process encouraged in the country’s 2011-2015 five-year plan.
"What we have seen in the biochemical area is that we will have lots of projects. We have got three new projects this year, and next year I expect that would be increased to an additional six or seven, which are enabled under the incentives and aspirations of the new five-year plan," he said.
Further details about the projects will be announced in March, he said, adding that Novozymes was currently working to "make the new technology fit with the new partners".
Current engagements
The company is already working with the Dacheng Group, the parent of Global Bio-chem, China’s top corn processor, and Meihua Holdings Group, a major producer of food additives.
Both use Novozymes’ proprietary enzymes and technology to break down corn stover to produce sugar.
The Danish company has an exclusive enzyme sales contract with Cofco, China’s top bioethanol producer, which plans to expand its cellulosic ethanol output to 50,000 tonnes next year and double it further by 2013, said Christiansen.
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