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DOE Awards Novozymes $12.3 Million for Bioethanol R&D

3:20 AM MDT | October 13, 2008 |

Alex Scott

  The U.S. Department of Energy (DOE) has awarded Novozymes $12.3 million to fund an R&D project to increase the efficiency of enzymes for converting waste biomass to bioethanol. The project, named the Development of a Commercial-Ready Enzyme Application System for Ethanol (Decrease), aims to double the efficiency of the enzymes used to convert cellulosic biomass into ethanol. Novozymes will match the DOE funding bringing the total investment of the research project to $25 million, the company says. The project will run for two and a half years. In...

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