Article
Email Email Print Print
Clip Clip & File

Business & Economics :: Latest News

January 12, 2010

Novozymes receives federal tax credit for enzyme facility

Scott Jenkins

Novozymes A/S (Bagsvaerd, Denmark; www.novozymes.com) has been awarded an Advanced Energy Manufacturing Tax Credit worth US$28.4 million from the U.S. federal government to further construction of a new enzyme manufacturing facility in Blair, Neb.  

The tax credit becomes available in 2012/2013 and will be received over the span of a few years in the form of reduced tax payments required from the company. 

The facility, which broke ground in March 2009, will produce enzymes for the production of advanced biofuels. Its blending facility became operational in November 2009, and the company says it is currently shipping enzymes to customers. Novozymes expects the facility to be fully operational in mid-2012. 

Add a Comment

Name:
Email:
Comments:

Please enter the letters or numbers you see in the image. (refresh)
 
 

Related Stories

LinkedIn Groups

Our LinkedIn group is now over 33,000 members strong!

  1. Join other CPI professionals from all over the globe and share best practices, expertise, concerns and more.
  2. Provide feedback to Chemical Engineering Editors


Current members represent Worley Parsons, DuPont, SABIC, Fluor, Air Products, LyondellBasell, Nalco, Dow Chemical, Dow Corning, BASF, Jacobs Engineering, ExxonMobil, Shell, Chevron and more.

Join Now



We also offer the following subgroup for more targeted discussions:

Tools
Search the Buyers' Guide

Plant Cost Index

Facts at Your Fingertips (archive)

Ask the Experts

Back Issues
X
To access this area, please log in or create an account.
Username:
Password:
Forgot your password?
Request it now.
Processing...
Live chat by BoldChat