European country is the first in the world to make second generation biofuel (also called next-generation biofuel) available to the public from commercial outlets.
Bio95 is made from wheat straw collected after harvest in Denmark and is produced by a company called DONG Inbicon with enzyme technology by Novozymes.
“Long a grand vision of the future, next-generation biofuel is now coming to market to fulfil its promises. The industry has delivered and we’re now sending a strong signal to policy-makers that their support for this exciting technology is required if all our citizens are to benefit from it,†said Steen Riisgaard, CEO of Novozymes.
A recent study released by Bloomberg said second-generation biofuel could generate up to one million jobs in the European Union over the next decade, mainly in rural areas and replace up to 62% of imported gasoline. The report also claims that second generation biofuels could cut down road transport emissions by 50% until 2020. But a set of policies need to be put in place in order for that to happen, the report added, such as the creation of an ambitious mandate for second-generation bio fuel, incentives for the collection of farming residues and tax breaks for investments.
Source: Novozymes
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