3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||30 Nov 2009|
|Amount in EUR:||EUR 39.9 million|
|NACE sector / loan type:||Research and development|
|Business area:||Industries and services|
This loan contributes to climate change mitigation: 50%
A ten-year-maturity loan totalling EUR 40 million has been provided to finance two R&D programmes in Danisco's enzyme division, Genencor. The first programme aims at developing green technology for the manufacture of isoprene from renewable materials. The bio-isoprene would be an alternative to the current isoprene produced from petroleum. Isoprene is used as a raw material in rubber products such as tires. The second programme aims to develop and commercialise a low-cost technology for producing bioethanol based on cellulosic biomass. Biofuel is currently the main readily available alternative to fossil fuel and is needed to reduce global CO2 emissions from transport.
Danisco is a Danish biotechnology company and is one of the world's leading producers of food ingredients, enzymes and bio-based solutions. The company's business is R&D intensive.
R&D in enzyme technology aims to obtain enzymes which would otherwise not be available and to produce enzymes with higher specificity and purity. Genencor's enzymes help manufacturers reduce processing times, increase energy efficiency, decrease dependency on chemicals and reduce negative environmental impact.