Attis Industries Inc., a biotechnology company based in the U.S., has reportedly announced a collaboration with Novozymes A/S, a Denmark-based global leader in biological solutions. Reportedly, the new collaboration will focus on augmenting value, process efficiencies, and production.
As per the deal, Novozymes will be supplying the enzymes that Attis requires for converting its pulp into sugar at each of its planned biorefineries.
This will accelerate the expanding market for cellulosic biofuels under the Renewable Fuel Standard of EPA, claimed familiar sources.
According to sources familiar with the matter, Novozymes’ broad portfolio of biotechnology and its ability to ramp up the production capabilities will significantly support the ambitious growth plans of Attis.
Jeff Cosman, the CEO at Attis Industries, was quoted saying that the company is quite excited to partner with Novozymes for producing ethanol at its potential biorefineries. He further added that as Novozymes is a leading player in the biotechnology industry and shares a similar vision of innovation with Attis, the company is looking forward to developing its relationship in the coming years.
According to reports, the initial collaboration between Attis and Novozymes will focus on value optimization of the biotechnology used in the Attis process, which in turn will help Attis in meeting the increasing demand for advanced biofuels. Currently, the Renewable Fuel Standard demands for the production of about 16 billion gallons of cellulosic biofuels by 2022. This is a brilliant market opportunity for Attis as it can now build a new standard in the United States for renewable fuel production, with the integration of its patented technology for biomass processing and Novozymes’ proprietary enzymes.
For the record, Attis Industries have diverse businesses in healthcare, renewable fuels, communications infrastructure and bio-based plastics among others, that together account for over one-third of America’s GDP. Meanwhile, Novozymes, the world’s largest supplier of enzyme & microbial technologies, focuses on improving industrial performance and promotes energy-efficient production.