Novozymes and PRAJ Industries Ltd have signed a contract to collaborate on the development of advanced biofuels. Together the two companies will optimize the enzymatic hydrolysis processes and use of enzymes in the production of advanced biofuels. The two companies have a history or working together and for several years have been focusing on conventional biofuels.
According to Novozymes, India and other countries that have been working to develop and deploy biofuel will see clear benefits – from job creation in rural areas to improved energy security. And the world as a whole will benefit from significantly reduced CO2 emissions in the transport sector, which is currently the second-largest and fastest growing source of CO2 emissions.
The collaboration agreement was signed in Copenhagen by Pramod Chaudhari, Chairman of PRAJ, and Steen Riisgaard, President & CEO of Novozymes A/S, to mark the Climate Change Summit in Copenhagen. On Monday, Novozymes announced that 150 VIP limos were running on ethanol produced from straw.