DenmarkDenmark

An ocean of fuels

01.02.2012

Copenhagen/Bangalore – Biofuels need reliable sources of biomass.
Novozymes now looks to the ocean to secure biomass. The Danish enzyme specialist announced an exploratory research agreement with Sea6 Energy from India. The research alliance sets out to develop enzymes to convert seaweed-based carbohydrates to sugar, which can then be fermented to produce ethanol, the base material for biorefineries which produce fuels, as well as fine chemicals, proteins for food, and fertilizers. Financial details were not disclosed.
The Danes chose their partner for expertise in offshore seaweed cultivation technology. Sea6 Energy has developed ocean-farming structures which could be used to create large-scale seaweed farms in offshore locations, the company says. Warm sea conditions, abundant sunlight, and the possibility for several harvest cycles through the year make the waters around India particularly suitable. Novozymes says. Seaweed is a natural complement to our efforts to convert other types of biomass to fuel ethanol,” says Per Falholt, CSO of Novozymes. “More than half of the dry mass in seaweed is sugar, and the potential is therefore significant.”

DenmarkDenmark

15.08.2011

Copenhagen – Driven by strong sales, Danish drugmaker Lundbeck A/S reported hefty QII/2011 profits, and says it is now expecting full-year results at the upper end of its guided range. Operating profit rose to DKK1.1bn in the...

DenmarkDenmark

12.08.2011

Copenhagen - All is well in Denmark - for now. Danish Drugmaker Lundbeck reported excellent profits in the second quarter but announced its intention to prepare for deep cuts in research. 175 jobs in Denmark and the US (12.5% of...

DenmarkDenmark

06.06.2011

Kvistgaard – Bavarian Nordic A/S of Denmark has raised DKK698m (EUR94m)through a rights issue to fund development of its prostate cancer vaccine Prostvac. A total of 12.9 million shares were sold at DKK54. The company announced...

DenmarkDenmark

12.04.2011

Kvistgaard – Net loss at Danish biopharmaceutical company Bavarian Nordic A/S increased to DKK390m from DKK266m in the previous year, even though revenue grew to DKK314m, up from DKK75m in 2009. Bavarian Nordic’s lead product is...

DenmarkDenmark

09.04.2011

Copenhagen – Despite recent setbacks, Danish TopoTarget A/S still has hopes for its histone deacetylase (HDAc) blocker belinostat (PXD01). The cytotoxic compound for treating lymphoma and solid tumours has failed to show...

DenmarkDenmark

16.11.2010

Vedback – Danish biotech company Exiqon A/S has reported data showing a significant shortening of progression-free survival in 130 stage II colon patients expressing high levels of microRNA21 (miR-21) in stromal cells surrounding...

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