Novozymes A / S: implementing its strategy with a collaboration agreement on carbon capture
December 13, 2021 – In September, Novozymes launched its new 2025 strategy, Unleash growth – fueled by biotechnology, which highlighted three pillars of growth: evolving its core business, developing in high-growth areas of biohealth and of human nutrition and explore new growth opportunities.
Carbon capture is a new area of growth opportunity and Novozymes is now delivering on its promise to explore this segment through a new partnership with Saipem, a cutting-edge technology and engineering platform for complex infrastructure and factories. safe and durable.
Novozymes and Saipem have entered into a collaboration agreement to develop enzymatic carbon capture solutions, a biological and economical alternative to traditional carbon capture. The ambition is to bring advanced enzyme-based carbon capture processes to the market.
– “This collaboration is an important step towards sustainable and innovative solutions to reduce greenhouse gas emissions. As part of our strategy, Novozymes is committed to providing biological solutions that enable a healthier planet and our collaboration with Saipem helps us achieve our ambition to explore new growth opportunities while accelerating the fight against climate change, ”said Amy Byrick, Executive Vice President of Strategy and Business Transformation at Novozymes.
Saipem, which is committed to transitioning the energy sector, has developed enzyme-based carbon capture technology, which the two companies will work together to advance under the deal. Saipem will provide the process and mechanical design and equipment while Novozymes will supply enzymes for Saipem’s customers and further optimize the process through enzyme innovation.
Make it an essential tool that saves energy and costs
Carbon capture and storage technologies can capture over 90% of CO2 emissions from power plants and industrial plants and is considered an indispensable tool for decarbonizing the industrial sector.
While traditional processes rely on amines, enzymatic carbon capture uses carbonates and biological components in the form of enzymes to extract CO2 and does so at lower temperatures. This has the potential to dramatically reduce the use of chemicals and energy in the carbon capture process. At the same time, the use of enzymes instead of amines eliminates the need to clean the wastewater because the enzymes do not leave any waste.
The United Nations Intergovernmental Panel on Climate Change endorses carbon capture as a key solution required to limit climate change. Carbon capture and storage technologies can cover 12% of the greenhouse gas emission reductions needed by 2050 for the energy sector, according to the International Energy Agency (IEA). reach net zero emissions by 2070. Carbon capture capacity is expected to exceed 1 Gt of CO2 by 2030 and increase to 5.6 Gt CO2 by 2050 according to IEA estimates.
For more information visit https://biosolutions.novozymes.com/fr/captur-carbonee.
Media Relations: Lina Danstrup, Media Relations Manager | +45 30 77 05 52 | LIND@novozymes.com