Novozymes, a Denmark-based biological technology company whose worldwide operations include a presence in the Roanoke Valley, has received a $28.4 million tax credit for a new company in Blair, Neb.
The credit is part of the federal stimulus package, which provided a total of $2.3 billion to 183 manufacturing facilities in 40 states. It amounts to a 30 percent tax credit rewarding "clean energy technologies."
The new Nebraska facility produces enzymes to help create renewable biofuels, such as ethanol. According to the company, it is creating products that can be used to produce what are known as first- and second-generation bioethanols.
First-generation ethanol is made directly from starchy plants such as corn or wheat. Second-generation production is more difficult and is applied to the remnants of animal feed, including plant stalks, sawdust, and less-starchy plants such as switchgrass.
The Nebraska plant began operations last year, but its construction isn't expected to be completed until 2012, the company said. It will cost between $160 million and $200 million.
Novozymes Biologicals, the Roanoke Valley-based division of the company, develops microbes used in agriculture, institutional and household cleaning, and industrial wastewater treatment.
source: roanoke
Novozymes plant gets clean energy tax credit
Monday, January 11, 2010 | Ethanol Industry News | 0 comments »
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