The global industrial enzymes market is projected to reach 3.74 billion by 2015, not including many emerging applications in advanced biofuels and biobased products. Enzymes are a critical role in converting cellulose and hemicellulose in biomass to sugars, which becomes the foundation to produce biofuels, biochemicals or biomaterials.
According to Infinite Enzymes, their technology produces enzymes in a lower value part of the corn kernel thereby creating a new sustainable market for corn processing by-products. The company says their technology lowers the cost of sugar production needed for developing low-cost biobased plastics and advanced biofuels.
Recently, Infinite Enzymes received a $450,000 Small Business Innovation Research (SBIR) Phase II grant from the U.S. Department of Agriculture to advance its enzyme development technology.