Denmark-based healthcare company Novozymes has invested €90m ($115m) for 10% of Beta Renewables, a joint venture between Italy-based packaging and chemicals company Gruppo Mossi & Ghisolfi and private equity firm TPG.
Novozymes and Beta Renewables will offer customers looking to produce biofuels from agricultural residues, energy crops and other cellulosic feedstocks a combination of Novozymes’ Cellic enzymes and Beta Renewables’ Proesa engineering and production technology. Beta Renewables will embed Novozymes’ enzymes in the Proesa technology and guarantee biofuel production costs…
