Novozymes develops fungus produce biochemicals

Novozymes develops fungus to produce biochemicals

10:27 AM, 16th August 2012
Novozymes develops fungus to produce biochemicals
Thomas Videaek, Executive Vice President, Novozyme.

BAGSVAERD, DENMARK: Novozymes has successfully developed a fungus that enables production of malic acid from renewable raw materials instead of oil. Malic acid is used as a flavour enhancer in the food industry and can be converted into other chemical derivatives used for a variety of plastic, polymer and resin products. Novozymes is now out-licensing the technology to partners who are interested in producing and commercializing malic acid and derivatives made from renewable raw materials instead of oil.

“This is our first biochemical building block and a major milestone towards building a biochemical industry together with partners. Oil-based products are all around us, and biochemicals produced from renewable raw materials meet a global need for sustainable alternatives. This need is growing due to concerns about crude oil scarcity and price fluctuations,” said Thomas Videaek, Executive Vice President, Novozyme.

In the food and beverage industries, Malic acid is added to enhance the sour flavour in products such as jellies, jams, juices and soft drinks. Along with succinic acid and fumaric acid it belongs to the group of C4 dicarboxylic acids, which can be converted into 1.4-butanediol (BDO). The annual global market for malic acid is around 60,000 tonne and has a value of $130 million with a growth rate of 4 per cent per year. The market for BDO and derivatives is around 1.4 million tonne at a value of $2.8 billion and with an annual growth rate of 3 per cent.

In the biochemicals value chain, Novozymes is primarily developing the enzymes or micro-organisms that enable production of biochemicals. Analysts estimate that biochemicals could contribute as much as 17 per cent of the global chemical market by 2025.

© WOC News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Jacobs receives contract from Methanex

PASADENA, US: Jacobs Engineering Group Inc was awarded a contract from Methanex Corporation, the world’s largest methanol supplier to major inte ...

Read more
Mosaic promotes Joc O’Rourke to Chief Operating Officer

PLYMOUTH, US: Mosaic Company announced that Joc O’Rourke has been promoted to Executive Vice President - Operations and Chief Operating Officer ...

Read more
EnerMech, Shoaibi form mechanical services solution JV in Saudi Arabia

ABERDEEN, SCOTLAND: International mechanical engineering group, EnerMech, has signed a joint venture agreement with Saudi based Shoaibi Group to form ...

Read more
“Chances of water on Mars” - feel Scientists

PASADENA, US: The first colour image taken from orbit shows NASA’s rover Curiosity on Mars. This includes details of the layered bedrock on the ...

Read more
BP sells Carson refinery, assets to Tesoro in $2.5 billion deal

LONDON, UK: BP will sell its Carson, California refinery and related logistics and marketing assets in the region to Tesoro Corporation for $2.5 billi ...

Read more
Cambrex bags new significant API supply agreement

EAST RUTHERFORD, US: Cambrex Corporation will supply an active pharmaceutical ingredient (API) for a customer’s phase 3 programme during 2013 an ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X