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antiguzzle Sophomore Author Wichita Posts:237 Points:20,545 Joined:Mar 2012	Message Posted: Apr 24, 2012 4:08:34 PM Ignore antiguzzle Report Abuse Novozymes Drops as Ethanol Turns Unprofitable: Copenhagen Mover "Novozymes A/S (NZYMB), the world’s largest maker of enzymes used for biofuel, was the second-biggest loser on Copenhagen’s benchmark index today on concern sales may suffer after U.S. ethanol production turned unprofitable." "Novozymes controls almost 60 percent of the U.S. market for enzymes used in biofuel production, and bioenergy enzymes accounted for 17 percent of the Bagsvaerd, Denmark-based company’s 2011 revenue. Ethanol futures yesterday fell to the lowest level in more than a week in Chicago trading." "With gasoline consumption waning, the U.S. is on course to miss its ethanol target for the first time and producers aren’t making money at current prices, according to Wallace Tyner, an agricultural economist at Purdue University in West Lafayette, Indiana. U.S. refiners are required to mix 13.2 billion gallons of renewable products with motor fuels this year, up 4.8 percent from last year." This is bad news for ethanol fans, but certainly not surprising. When you knock out the crutch that was propping up an unsustainable energy industry, the house of cards will eventually come crashing down.

antiguzzle

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Wichita

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Message Posted: Apr 24, 2012 4:08:34 PM

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Novozymes Drops as Ethanol Turns Unprofitable: Copenhagen Mover

"Novozymes A/S (NZYMB), the world’s largest maker of enzymes used for biofuel, was the second-biggest loser on Copenhagen’s benchmark index today on concern sales may suffer after U.S. ethanol production turned unprofitable."

"Novozymes controls almost 60 percent of the U.S. market for enzymes used in biofuel production, and bioenergy enzymes accounted for 17 percent of the Bagsvaerd, Denmark-based company’s 2011 revenue. Ethanol futures yesterday fell to the lowest level in more than a week in Chicago trading."

"With gasoline consumption waning, the U.S. is on course to miss its ethanol target for the first time and producers aren’t making money at current prices, according to Wallace Tyner, an agricultural economist at Purdue University in West Lafayette, Indiana. U.S. refiners are required to mix 13.2 billion gallons of renewable products with motor fuels this year, up 4.8 percent from last year."

This is bad news for ethanol fans, but certainly not surprising. When you knock out the crutch that was propping up an unsustainable energy industry, the house of cards will eventually come crashing down.

REPLIES (newest first)Ignore Short Messages

reb4 Champion Author Chicago Posts:19,361 Points:1,849,825 Joined:Sep 2004	Message Posted: Jun 1, 2012 8:07:42 PM Ignore reb4 Report Abuse DuPont Statement: Danish Appeals Court Revokes Preliminary Injunction in Novozymes vs. Danisco, Awards Danisco 1.5 million DKK in Costs The article also mentions something about patent problems with ethanol production... what does patent invalid mean... "This decision comes the same month as a court in Wisconsin, United States, also found in favor of Danisco in a separate patent case between Novozymes and Danisco, finding a Novozymes patent related to enzymes in the ethanol industry invalid."
gamechanger2011 Champion Author Wichita Posts:1,597 Points:57,035 Joined:Jun 2011	Message Posted: Jun 1, 2012 5:32:38 PM Ignore gamechanger2011 Report Abuse "Novozymes A/S (NZYMB), the world’s largest maker of enzymes, traded at the highest price in a month in Copenhagen on speculation it will boost sales in Brazil. Novozymes rose as much as 3 percent to 159.20 kroner, the highest since April 24. The stock advanced 2.9 kroner, or 1.9 percent, to 157.50 kroner at 10:01 a.m. in the Danish capital. Graal Investimentos SA’s biofuel unit said yesterday it will build five plants in Brazil to produce ethanol from sugar- cane residues. Bagsvaerd, Denmark-based Novozymes said it will also build new facilities in the South American country because it will supply the five plants with enzymes. Novozymes reported on April 25 a 9 percent decline in first-quarter sales, measured in local currencies, in part because its ethanol-producing clients used fewer enzymes." Novozymes Gains On Brazil Enzyme Speculation: Copenhagen Mover [Edited by: gamechanger2011 at 6/1/2012 5:33:07 PM EST]
antiguzzle Sophomore Author Wichita Posts:237 Points:20,545 Joined:Mar 2012	Message Posted: Jun 1, 2012 4:52:31 PM Ignore antiguzzle Report Abuse bump
antiguzzle Sophomore Author Wichita Posts:237 Points:20,545 Joined:Mar 2012	Message Posted: May 7, 2012 12:34:51 PM Ignore antiguzzle Report Abuse ...sad
antiguzzle Sophomore Author Wichita Posts:237 Points:20,545 Joined:Mar 2012	Message Posted: Apr 28, 2012 4:19:55 PM Ignore antiguzzle Report Abuse Chemist74 - "Currently, Congress requires the oil companies to continue to increase the amount of ethanol they buy to blend into gasoline , regardless of price, so unless this law is changed, novozymes is essentially guaranteed some market in the U.S." So who is going to pay for their losses as they produce an unprofitable product?
chemist74 Champion Author Cleveland Posts:13,510 Points:2,395,980 Joined:Apr 2005	Message Posted: Apr 28, 2012 9:08:28 AM Ignore chemist74 Report Abuse Currently, Congress requires the oil companies to continue to increase the amount of ethanol they buy to blend into gasoline , regardless of price, so unless this law is changed, novozymes is essentially guaranteed some market in the U.S.

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