This morning Novozymes held is annual 2009 4th quarter sales call and earning report and overall it was favorable. While 2009 began with a rocky start for Novozymes and the majority of the ethanol industry, with effective management the company was able to finish off the year on a positive note.
Steen Riisgaard, President and CEO, noted, “After a shaky start to 2009, I’m very pleased with the way we managed our business throughout the year. We were able to deliver on our earnings guidance communicated at the beginning of the year by responding rapidly to the challenging market conditions. Looking at 2010, we expect a positive development but with continued low visibility. And even with the current market conditions, we see very favorable long-term trends for Novozymes and remain confident of our ability to deliver on our long-term targets.”
Overall, in 2009 the company’s sales were up by 4 percent with an increase in 7 percent just during the 4th quarter as compared to 2008. Some of this can be attributed the company’s commitment to developing more effective enzymes for biofuels production, with enzyme sales to the biofuel industry up 7 percent and Novozymes maintained a market share of more than 60 percent throughout 2009. In addition, its partnership with leading technology companies who are currently producing first generation biofuels and are developing second and third generation biofuels have had a positive impact.
For 2010, Novozymes expects both of its enzyme business and biobusiness to grow between 2-6 percent.
To access the full earnings report, click here.



SunOpta subsidiary 
Ethanol plant engineering firm 
In the growing field of biomass conversion to fuel there’s a plant that Mississippi State University thinks will help farmers and all Americans. It’s Giant Miscanthus and you can follow it on
With a record corn crop under their belts despite challenging weather conditions in 2009, corn growers are continuing to develop the production and use of ethanol for America’s energy future.
“We will increase the market for ethanol and overcome the blend wall if we achieve a blend up to E-15,” said Holzfaster. “The EPA made some favorable moves last year. They are taking a closer look at E-15 right now, but I am excited about what we might see in the future in terms of a move from an E-10 to a higher blend.” 

The Canadian company produced over 581,000 liters (153,484 gallons) of cellulosic ethanol in 2009, more than double its 2008 production. That brings the company’s total cumulative production to more than one million liters since 2004, heading cellulosic ethanol into the realm of viable commercial production.