The award was announced at Biofuels 2010, 5th annual meeting, hosted by World refining Association on November 9-12 in Amsterdam. The award was handed out based on votes cast by conference delegates and speakers.

Early this year Novozymes launched the first commercially viable enzymes for production of biofuel from agricultural residues enabling next-generation biofuel as an alternative to gasoline. In October this sustainable biofuel was made available to consumers in Denmark by Statoil.

“The technology for converting agricultural residues to fuel is ready and has already been taken to demonstration level. Now the industry needs to start build full scale bio refineries,” says Poul Ruben Andersen, who’s heading up Novozymes’ biofuels business. “Implemented on a large scale, this technology will create jobs and combat climate change, while radically improving energy security.”

The advantages of next-generation biofuel are clear: According to a recent study by Bloomberg New Energy Finance, next-generation biofuel could create up to one million jobs in the EU27 over the next decade, most of them in rural areas where new employment opportunities are often rare while replacing up to 62% of the EU’s imported fossil gasoline with greener fuel. Next generation biofuels could reduce CO2 emissions from gasoline related road transport by 50% in 2020.