Novozymes says Brazil can produce up to 2 billion gallons of cellulosic ethanol

In Brazil, Novozymes has released a report projecting that, by 2012, Brazil could commence commercial-scale production of cellulosic biofuel made from sugarcane residues, and could produce up to 2.1 billion gallons of cellulosic ethanol by 2020.

Novozymes CEO Steen Riisgaard, presented the report’s findings at the Ethanol Summit in Sao Paulo, and said that the additional production could add up to $4 billion in Brazilian export revenue.  Novozymes and CTC (Sugarcane Technology Center) in Brazil are studying the production of cellulosic biofuels in Brazil, while Novozymes confirmed that it continues to work with partners in Denmark, Sweden and Brazil on reducing the cost of enzymes to make cellulosic ethanol commercially viable.

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