A Danish biotechnology company launched a new enzyme which it said will make it possible to turn agricultural waste into biofuel at a competitive price.
The breakthrough will allow the biofuel industry to produce cellulosic ethanol for less than two US dollars per gallon (around 37 euro cents per litre), Novozymes said in a statement.
This cost would put the fuel on a par with petrol and conventional ethanol, the company said.
Novozymes said the new enzyme, known as Cellic CTec2, breaks down cellulose in agricultural waste into sugars that can be fermented into ethanol, and could convert corn cobs and stalks, wheat straw and woodchips into fuel.
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