Economics Improve for First Commercial Cellulosic Ethanol Plants

February 17, 2010 | Source: New York Times

Novozymes, the world’s largest industrial enzyme producer, has launched a new line it says will yield ethanol from plant wastes at an enzyme price of about 50 cents a gallon — a 80 percent price drop from two years ago.

This will help bring cellulosic ethanol production prices to under $2 a gallon by 2011, a cost on par with both corn-based ethanol and gasoline at current U.S. market prices.