Novozymes partner Fiberight to build commercial-scale plant in U.S.

Federal-private partnership will create jobs, continue drive towards advanced biofuels being competitive with fossil fuel

20. January 2012
America moved a step closer to making advanced biofuels widely available for consumers when the U.S. Department of Agriculture announced a $25 million partnership with Novozymes' partner Fiberight to support construction of a new advanced biofuels plant in the United States.
 
Located in Blairstown, Iowa, the plant will produce 6 million gallons of advanced biofuels per year when fully operational in the first half of 2013.
 
”Advanced Biofuels are going commercial – and the innovation behind turning trash into biofuels demonstrates how our industry can create jobs and solve our nation’s energy needs,” says Adam Monroe, President of Novozymes North America. ”Novozymes is proud to be a partner to this project, supplying the enzymes to turn household and office waste into advanced biofuels. We applaud the federal government for its leadership in helping bring biofuels to market.”
 
Fiberight will invest $20 million in the plant, combined with the $25 million federal investment. The plant will employ approximately 55 employees and and generate 100 construction jobs.  
 
“We truly believe that 2012 is the year for take-off in this industry. Steel is going into the ground , more Americans are going to work make biofuels and we anticipate seeing significant volumes of biofuels as a result,” says Craig Stuart-Paul, CEO of Fiberight. “Our long-term and extensive involvement with Novozymes has helped us development a commercially-pathway to advanced biofuels – and today it’s been rewarded by the U.S. Government.” 
 
In addition to the commercial-scale project funded today, Fiberight will have a smaller-scale producing and selling ethanol in Lawrenceville, Virginia in 2012.
 
70,000 jobs
American ethanol helped create 70,000 jobs in 2010, according to the Renewable Fuels Association. A recent analysis by economists from the University of Wisconsin and Iowa State University found growth in ethanol production also reduced gasoline prices by an average of $0.25 per gallon, or 16 percent, from 2000 – 2010.
 
A strong federal partnership, and smart policies like the Renewable Fuel Standard, are critical to job-creation and Americans getting the best prices and choices at the pump.  
 
Novozymes a key partner
Cellulosic ethanol is produced from biomass such as wheat straw, corn stover, municipal waste, or energy crops, which is first broken down into a pulp. Enzymes are then added, turning the pulp into sugar which is fermented into ethanol. Novozymes, the world’s leading provider of enzymes to the biofuels industry, has collaborated closely with Fiberight to streamline the production process and will supply enzymes for the plant.
  
Media relations contacts:
U.S. - Chris Bender
Office: 919-494-3944
Mobile: 202-615-0966
csbd@novozymes.com
 
Denmark - Johan Melchior
Mobile: +45 3077 0690
jmel@novozymes.com 
 
Investor Relations
U.S. - Thomas Bomhoff
Office: 919-494-3279
Mobile: 919-218-4501
tsbn@novozymes.com