The race for Green power corn stalkers turning husks, cobs into fuel
http://financialweek.com/apps/pbcs.dll/article?AID [2008-7-10]
Tag : corn straw
Enzyme makers Novozymes and Danisco are likely to step up aresearch battle to be first with a key technology to freebioethanol from its dependency on food and create a newbillion-dollar industry. The two Danish companies, market leaders in first generationbioethanol enzymes, are racing to develop a next-generation productto allow ethanol production from food waste inedible by humans,such as corn cobs, sugar cane leftovers and straw. The global market for so-called cellulosic ethanol enzymes could beworth some $8.8 billion by 2020, according to analyst MartinSikorski from Cheuvreux.
So there is a reason for all this hype and excitement, Mr.Sikorski said.
He bases his estimate on Danisco's expectation that global demandfor cellulosic ethanol will hit 35 billion gallons in 2020 andNovozymes' forecast that the enzyme price will fall to 20-30 U.S.cents a gallon of cellulosic ethanol in 2020 from 40-50 cents pergallon in 2010. Commodity analyst Alan Bullion from F.O. Licht expects cellulosicethanol to be produced on a commercial scale in three to four yearsand to reach the politically set goal of 21 billion gallonsannually in the United States in six to seven. Brazil is also expected to be a major producer of the new biofuel,primarily from sugar cane bagasse the remains of the plant afterthe sugar is removed.
Novozymes, with a market share of 45-60%, and Danisco, with anestimated share of 10-20%, dominate the current market for firstgeneration bioethanol enzymes, and are expected to rule the secondgeneration as well. They will probably still be the largest and most important playersin the market in the next 10 to 20 years, said Claus Felby, enzymescientist and professor at Copenhagen University.
I cannot see anyone else on their way who can really challengethem.
On May 14, Danisco's enzyme arm Genencor and DuPont announced a newjoint venture aimed at developing a complete technology package forcellulosic ethanol, including pre-treatment, enzymes andfermentation technology. The question is whether Danisco can convince the customers thattheir complete package is the best and cheapest. That is where thereal battle will be, Sydbank analyst Rune Dahl said.
Danisco Chief Executive Tom Knutzen told Reuters the venture aimedfor a leading position in the cellulosic ethanol market. But rival Novozymes has said it expects to have a commerciallyviable technology in 2010 two years before the Genencor and DuPontventure expects to launch its offering.
Mr. Felby said it is hard to tell who will prevail in the race.
Enzyme makers Novozymes and Danisco are likely to step up aresearch battle to be first with a key technology to freebioethanol from its dependency on food and create a newbillion-dollar industry. The two Danish companies, market leaders in first generationbioethanol enzymes, are racing to develop a next-generation productto allow ethanol production from food waste inedible by humans,such as corn cobs, sugar cane leftovers and straw. The global market for so-called cellulosic ethanol enzymes could beworth some $8.8 billion by 2020, according to analyst MartinSikorski from Cheuvreux.
So there is a reason for all this hype and excitement, Mr.Sikorski said.
He bases his estimate on Danisco's expectation that global demandfor cellulosic ethanol will hit 35 billion gallons in 2020 andNovozymes' forecast that the enzyme price will fall to 20-30 U.S.cents a gallon of cellulosic ethanol in 2020 from 40-50 cents pergallon in 2010. Commodity analyst Alan Bullion from F.O. Licht expects cellulosicethanol to be produced on a commercial scale in three to four yearsand to reach the politically set goal of 21 billion gallonsannually in the United States in six to seven. Brazil is also expected to be a major producer of the new biofuel,primarily from sugar cane bagasse the remains of the plant afterthe sugar is removed.
Novozymes, with a market share of 45-60%, and Danisco, with anestimated share of 10-20%, dominate the current market for firstgeneration bioethanol enzymes, and are expected to rule the secondgeneration as well. They will probably still be the largest and most important playersin the market in the next 10 to 20 years, said Claus Felby, enzymescientist and professor at Copenhagen University.
I cannot see anyone else on their way who can really challengethem.
On May 14, Danisco's enzyme arm Genencor and DuPont announced a newjoint venture aimed at developing a complete technology package forcellulosic ethanol, including pre-treatment, enzymes andfermentation technology. The question is whether Danisco can convince the customers thattheir complete package is the best and cheapest. That is where thereal battle will be, Sydbank analyst Rune Dahl said.
Danisco Chief Executive Tom Knutzen told Reuters the venture aimedfor a leading position in the cellulosic ethanol market. But rival Novozymes has said it expects to have a commerciallyviable technology in 2010 two years before the Genencor and DuPontventure expects to launch its offering.
Mr. Felby said it is hard to tell who will prevail in the race.
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