Iogen Focusing On Biofuels in Brazil After Selling Enzyme Unit

Iogen Focusing On Biofuels in Brazil After Selling Enzyme Unit

 

After selling its industrial enzyme business to Novozymes A/S for CA$80 million (US$80.2 million) Ottawa-based Iogen Corp. will be focusing on producing cellulosic ethanol from sugarcane waste in Brazil. Iogen retains processing technologies to make the cellulosic fuel but will be using other companys’ enzymes for the process.  The proceeds from the sale will be used to pay down debt.

 

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