Novozymes: Renewable fuel is key to Obama's energy plan

By Novozymes | March 15, 2013

Renewable fuels are a powerful component in President Obama’s plan for a cleaner, more secure energy future, according to Novozymes, a leader in biotechnology and innovation. The President discussed his plans at the Argonne National Laboratory in Chicago, Illinois on March 15. 

“America is ready for more renewable fuel," said Adam Monroe, president of Novozymes North America. "It’s being made in American cities, reinvigorating our local economies and the nation’s, too. It is being made by American workers, offering them good-paying, stable jobs in a growing industry. It’s also fighting climate change. Investors want to keep investing but need policy certainty. If America provides that certainty--and lets policies like the Renewable Fuel Standard work--we’ll see more construction jobs, long-term careers, steel in the ground and less effects on our air and environment.”

To date, investment in domestic, clean and renewable transportation fuel production has:

* Created 400,000 good paying jobs and careers;
* laid the groundwork for 800,000 jobs for advanced biofuels by 2022;
* generated $40 billion in GDP in 2012;
* helped reduce foreign oil imports by 25 percent. 

In May 2012, Novozymes inaugurated the largest enzyme plant dedicated to biofuels in the United States with the opening of its advanced manufacturing plant in Blair, Nebraska. Funded with $200 million in private investment, the plant created 100 career positions and 400 construction jobs, and specializes in enzymes for both the conventional and advanced biofuel markets.