A biotechnology firm (and client of mine), Novozymes, appeared on Fox Business News this morning to talk about its partnership with Synopec, the large Chinese oil company. Novozymes will work in tandem with Synopec and another Chinese company to add ethanol to the nation’s gasoline supply without compromising its food supply by using corn stover, a type of agricultural waste, instead of edible sources like corn or sugar.
In fact, these facilities, which will produce so-called cellulosic ethanol, might actually return power to China’s grid soon. Given China’s growing environmental problems, and its exploding middle-class population, this is real progress.
Full news release here.