Novozymes Jan-Sep 2011: Bioenergy Enzymes sales

Novozymes Jan-Sep 2011: Bioenergy Enzymes sales

FOCUS the first stage towards greener tyres. Thus, capacity for neodymiumcatalysed PBR (Nd-PBR) at Cabo de Santo Agostinho is being expanded. Nd-PBR i...

54KB Sizes 6 Downloads 152 Views

FOCUS the first stage towards greener tyres. Thus, capacity for neodymiumcatalysed PBR (Nd-PBR) at Cabo de Santo Agostinho is being expanded. Nd-PBR is used in the sidewalls of green tyres. Capacity will double to 40,000 tonne/y by the end of 2011. A feasibility study is also under way for the launch of solution styrenebutadiene rubber. Original Source: Nachrichten für Aussenhandel, 10 Oct 2011 (Website: (in German) © MBM Martin Brueckner Medien GmbH 2011

Lignol skips ahead: project no longer funded by DOE Lignol Innovations Inc will now move forward with its planned wood-tocellulosic ethanol project without US DOE Biomass Program funding. The project has fallen outside the criteria for the programme after the firm introduced substantial changes to the original proposal. Lignol now intends to set up a much larger plant than the originally planned demo-scale unit, possibly in the 10-25 M gallon/y range. The unit will turn out other renewable chemicals aside from cellulosic ethanol. The firm has yet to choose a site for the project. Original Source: Ethanol Producer Magazine, Sep 2011 (Website: © BBI International 2011

M&G Group and TPG create biomaterial jv Italy’s Gruppo Mossi and Ghisolfi, TPG Capital and TPG Biotech have created a jv to produce fermentable sugars from cellulosic biomass using technology developed by M&G subsidiary Chemtex. Beta Renewables, to be capitalized at €250 M, will initially focus on biofuels production. Original Source: Plastics News, 13 Oct 2011 (Website: © Crain Communications Inc 2011

Innovation Awards: polymers incorporate carbon dioxide US-based sustainable polymer specialist Novomer bagged the award for Innovation with Best Environmental Benefit at the 2011 ICIS Innovation




Awards. The firm was recognized for its technology platform that allows production of valuable, highperformance polymers from waste carbon dioxide. With Novomer’s innovative catalyst system, carbon dioxide is used as a primary raw material in the manufacture of polypropylene and polyethylene carbonates, containing between 43-50% carbon dioxide by weight. Novomer claims that carbon dioxidebased polymers are more environmentally friendly than traditional plastics, and feature mechanical and barrier characteristics suited for various flexible and rigid packaging applications. Original Source: ICIS Chemical Business, 17 Oct 2011 (Website: © Reed Business Information Limited 2011

Novozymes Jan-Sep 2011: satisfactory 9 months sales and earnings development with strong free cash flow For Jan-Sep 2011, Novozymes reported sales of DKR 7921 M (JanSep 2010: DKR 7320 M). EBIT increased by 8% to DKR 1844 M and took the EBIT margin to 23.3% despite a negative impact from higher raw material prices, acquisitions, and unfavourable currency rates. Net profit grew by a strong 16% to DKR 1465 M and free cash flow continued to be strong, especially from the higher net profit. The gross margin was 56.4%, 0.4 percentage-points up on Jan-Sep 2011. Net investments excluding acquisitions totalled DKR 796 M (Jan-Sep 2010: DKR 787 M). Free cash flow before acquisitions was DKR 1527 M (Jan-Sep 2010: DKR 975 M). Key results are tabulated and graphically illustrated. R&D costs were DKR 1026 M for Jan-Sep 2011 (Jan-Sep 2010: DKR 882 M). For 3Q 2011, revenue was DKR 2692 M (3Q 2010: DKR 2526 M), with EBITDA at DRK 864 M (3Q 2010: DKR 780 M) and gross profit at DKR 1526 M (3Q 2010: DKR 1399 M). Novozymes Group financial statement for first nine months of 2011, 28 Oct 2011, 1,4-6,12-17 (Novozymes A/S, Krogshojvej 36, 2880 Bagsvaerd, Denmark, tel: +45 4446 0000, fax: +45 4446 9999, e-mail: [email protected], website:

Novozymes ramping up its presence in India Sale of enzymes to industries in emerging markets such as India, Brazil, and China is a strong growth driver for Novozymes, the world’s largest producer of industrial enzymes. Novozymes India is garnering healthy growth in enzymes for the household care, food, and beverages industries; making progress within R&D and growing its portfolio of sustainable solutions to various businesses. Novozymes India began its operations in 1983 with two employees operating from a business centre. Since then the Indian operations have grown into an organization spread across three sites in India covering manufacturing, business functions, a shared service centre, and R&D. With biotechnology recognized as a sunrise industry in India, Novozymes is planning to further strengthen its position in the country following a twin strategy of enhancing its global portfolio and developing local solutions to gain a further foothold in the Indian market. According to a report from India Brand Equity Foundation (IBEF), biotechnology, one of the fastest growing knowledge-based sectors in India, is expected to touch the $10 bn mark by 2015 on the back of emerging opportunities. Press release from: Novozymes A/S, Krogshojvej 36, 2880 Bagsvaerd, Denmark, tel: +45 4446 0000, fax: +45 4446 9999, e-mail: [email protected], website: (8 Oct 2011)

Novozymes Jan-Sep 2011: Bioenergy Enzymes sales For Jan-Sep 2011, Novozymes’ Bioenergy Enzymes sales totalled DKR 1325 M (Jan-Sep 2010: DKR 1351 M). Novozymes’ Bioenergy Enzymes sales in the US grew roughly in line with EIA’s (US Energy Information Administration) expected 9-months ethanol production growth in the US market. Favourable blending economics and exports kept US ethanol production growing compared to Jan-Sep 2010. The lower Bioenergy Enzymes sales growth in the first 9 months of 2011 compared to 1H 2011 was due mainly to falling ethanol production volumes during the period and also, to some extent, to variations in individual producers’


FOCUS ethanol output in the US. For 3Q 2011, Bioenergy Enzymes sales amounted to DKR 431 M (3Q 2010: DKR 469 M). Key sales data are tabulated. Novozymes Group financial statement for first nine months of 2011, 28 Oct 2011, 3,14 (Novozymes A/S, Krogshojvej 36, 2880 Bagsvaerd, Denmark, tel: +45 4446 0000, fax: +45 4446 9999, e-mail: [email protected], website:

Rhodia and Cobalt Technologies to jointly develop bagasse-based bio n-butanol market in Latin America On 19 Oct 2011, Rhodia and Cobalt Technologies announced the execution of a Memorandum of Understanding setting the basis for a strategic alliance to develop bio n-butanol refineries throughout Latin America. Under the terms of this alliance, Cobalt and Rhodia will proceed with a technical feasibility study. Upon the success of this first step, the partners will jointly develop a pilot demonstration plant deploying Cobalt’s technology for the conversion of sugar cane bagasse and other non-food cellulosic feedstocks into n-butanol for the chemicals and fuels market. The parties’ intend in the medium term the construction of multiple bio-refineries co-located with sugar mills, firstly in Brazil to demonstrate Cobalt’s technology on local and competitive feedstock. Subsequently, the proven technology will be extended to other Latin American countries. Cobalt Technologies is developing and commercializing technology for the production of low cost biobutanol, a platform molecule for the production of renewable chemicals and fuels. The company’s technology platform offers a continuous process to efficiently convert diverse non-food feedstocks into biobutanol. Engineered to achieve low costs through its proprietary biocatalyst, advanced bioreactor, and energy efficient design, and the use of lowcost feedstock, Cobalt is making biobutanol and its derivatives a cost effective substitute to petroleumbased chemical products. Cobalt is the leading company in commercializing technology for production of n-butanol from cellulosic feedstocks. N-butanol is a widely used industrial chemical found in paints,




lacquers, and other surface coatings, with a global market of over $5 bn, approximately eight times the size of the market for isobutanol. By producing low-cost biobutanol, Cobalt’s unique technology enables the use of butanol as a platform molecule for application in a broad array of chemical markets, including the plastics and synthetic rubber markets. Cobalt’s low-cost platform also enables fuels production such as jet fuel, where, Cobalt and the US Navy have jointly developed technology to convert Cobalt’s n-butanol into full performance jet fuel and are on track to achieve fuel certification. Cobalt is based in Mountain View, CA. Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Malaysian Life Sciences Capital Fund, Burrill and Co, VantagePoint Capital Partners, Parsons & Whittemore, Life Sciences Partners (LSP), @Ventures, and Harris & Harris. For further information, please visit website: Press release from: Rhodia SA, Immeuble Coeur Defense, Tour A, 110 esplanade Charles de Gaulle, 92400 Courbevoie, France, tel: +33 1 5356 6464, fax: +33 1 5356 6459, website: (19 Oct 2011)

Rhodia tries its hand at rare earth recycling Rhodia has a 20% share of the rare earth market. It is one of the few European firms with the capability to process the minerals, which are used in catalytic converters, low energy bulbs, and electronics. China accounts for 97% of world rare earth production. Restrictions on Chinese rare earth exports have made the processing of rare earths outside China profitable again. Rare earth demand is expected to grow by 610%/y in the period to 2015. Rhodia is to recycle rare earths at its La Rochelle plant in France. The firms has set a target of 5 years to make the recycling process profitable. Rhodia is expecting rare earth sales of €500 M in 2011 compared with €226 M in 2010. Terbium prices have risen from around $600/kg to $4000/kg over a period of 2 years. Rhodia is forecasting an ebitda of 25% in 2011 for its Advanced Materials business (21.5% in 2010). Rhodia has entered into a partnership

with the Australian firm Lynas which should eventually add 20,000 tonnes of capacity on a world market of around 125,000 tonnes. However, there has been a setback to Lynas’ radioactive materials extraction project in Malaysia due to environmental concerns. The project was scheduled for 2011 but the extra capacity may not be available until the start of 2012. Original Source: La Tribune, 4 Oct 2011, (4821), 9 (Website: (in French). © 2011

Synterra Energy makes sulfur-free synthetic diesel SynTerra Energy Inc is a new biorefining company that makes synthetic diesel and renewable chemicals by combining pyrolysis and syngas technologies. The Syntrex process, developed by Pacific Renewable Fuels and Chemicals and Toledo, OH, USA-based Red Lion BioEnergy, entails steam reformation with pyrolysis, followed by a Fischer Tropsch process that involves the use of a catalyst from SynTerra to transform the syngas into synthetic diesel. The synthetic diesel is sulfurfree and contains 50% more cetane than standard diesel fuel. Original Source: Biorefining Magazine, Sep 2011 (Website: © BBI International 2011

Toyota creates efficient yeast for making biofuel Toyota Motor presented a new strain of yeast that can facilitate cellulosic ethanol production at its Toyota Biotechnology and Afforestation Laboratory in Miyoshi, Aichi Prefecture, Japan. The yeast achieved one of the highest cellulosic ethanol yields in the world, at about 47 gram/litre. The automaker is investigating the use of napier grass in biofuels production. It has been shown that 87% of the saccharide in napier grass is usable. Original Source: Japan Chemical Web, 7 Oct 2011 (Website: © The Chemical Daily Co Ltd 2011

Umicore forecast for 2011 Umicore expects to report a record recurrent ebit of €400-425 M in 2011.