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Presentation - Novozymes

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It’s a Big Market and Margins Matter<br />

In 2011, The US corn<br />

ethanol industry<br />

purchased corn for more<br />

than 30bn USD<br />

<strong>Novozymes</strong> estimates<br />

that up to 7% of the<br />

starch in a kernel is not<br />

converted to ethanol<br />

If our technology can<br />

convert an extra 1 %-<br />

point, we tap into a value<br />

potential of ~300m USD<br />

14

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