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ethanol, and could convert corn cobs and stalks, wheat straw and woodchips into fuel. "We have been working on this for the past 10 years and promised our customers and the market to be ready by 2010," Novozymes' chief executive Steen Riisgaard said in a statement. Novozymes said the new enzyme was developed with the help of $29.3 M from the US Department of Energy. Large-scale commercial production of cellulosic ethanol is scheduled to start in 2011, and the company said the industry could create 1.2 M jobs in the US alone by 2022.
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