China’s largest bioethanol plant to be completed 2011
In a partnership that will see the construction of China’s largest cellulosic ethanol demonstration plant, Novozymes, COFCO and Sinopec have signed a Memorandum of Understanding (MoU).
As stated in the agreement, the world’s third-largest oil refinery Sinopec and producer and supplier of processed agricultural products COFCO will built the facility, while Novozymes will provide the enzymes – in particular the new Cellic CTec2, which it launched in February this year.
When the plant becomes operational in the Q3 of 2011 it will be China’s biggest waste-to-ethanol plant, utilising corn stover for the production of 3 million gallons of bioethanol a year.
The president at Novozymes, China, Michael Christiansen said: 'With gasoline prices hovering around $4 (€3.2) per gallon in China, companies across the country are reaffirming their commitment to investing in the development of clean, alternative fuel sources.'
In 2009 Novozymes and McKinsey conducted a study, which found that China can cut its reliance on fossil fuels by 31 million tonnes by 2020 through switching to using biomass, of which the nation has an excess of 700 million tonnes of agricultural residue alone.
As a result, China would see a 10% decrease in the amount of petrol imported, free the atmosphere of 90 million tonnes of carbon dioxide and create six million direct jobs.
As stated in the agreement, the world’s third-largest oil refinery Sinopec and producer and supplier of processed agricultural products COFCO will built the facility, while Novozymes will provide the enzymes – in particular the new Cellic CTec2, which it launched in February this year.
When the plant becomes operational in the Q3 of 2011 it will be China’s biggest waste-to-ethanol plant, utilising corn stover for the production of 3 million gallons of bioethanol a year.
The president at Novozymes, China, Michael Christiansen said: 'With gasoline prices hovering around $4 (€3.2) per gallon in China, companies across the country are reaffirming their commitment to investing in the development of clean, alternative fuel sources.'
In 2009 Novozymes and McKinsey conducted a study, which found that China can cut its reliance on fossil fuels by 31 million tonnes by 2020 through switching to using biomass, of which the nation has an excess of 700 million tonnes of agricultural residue alone.
As a result, China would see a 10% decrease in the amount of petrol imported, free the atmosphere of 90 million tonnes of carbon dioxide and create six million direct jobs.
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