Novozymes Comments on Obama Budget

Leading Technology Company Says Investments Will Create More Jobs, Support Farmers and Rural Communities

Novozymes, the world leader in bioinnovation, today applauded President Obama's commitment toward renewable energy programs in his fiscal year 2013 budget request, a strategy he began outlining in his 2012 State of the Union address.

"Renewable energy is real. Across America, it is creating jobs, supporting farmers and rural communities and freeing us from foreign oil “ improving our nation's security. If we want to energize America's economy, the investments in President Obama's budget can do it,"Adam Monroe, President of Novozymes North America, said. "Even as he focuses on debt reduction, we appreciate the President's targeted commitments to jobs and economic growth through renewable energy. We look forward to working with the President and ensuring we have policies in place, like the Renewable Fuels Standard and a strong Farm Bill, to meet his goal.

Specifically, the President's budget aims to:

  • Position the U.S. to lead in the clean energy economy by providing $6.3 billion to the Department of Energy (DOE) for clean energy research, development, demonstration, and deployment activities.
  • More than double funding for energy efficiency activities, increase support for renewable energy activities by over 70 percent, and provide $550 million for the Advanced Research Projects Agency “ Energy.
  • Invest $6.5 billion in the United States Department of Agriculture (USDA) to support renewable and clean energy that can spur the creation of high-value jobs, make America more energy independent, and drive global competitiveness in the sector.

On Friday, Feb. 10, DOE Senior Advisor Peter Gage joined Novozymes North American President Adam Monroe at the company's new enzyme plant in Blair, Nebraska to showcase the company's enzyme technology and emphasize the need for the energy programs touted in the President's State of the Union address. They emphasized the importance of providing America's students and workers with the education and training they need to gain the jobs of tomorrow. The facility has already created nearly 400 construction jobs and will bring 100 permanent jobs when it opens in 2012.

A new report by Novozymes and Bloomberg New Energy Finance describes how transforming agricultural residues into advanced biofuels could create 8 million jobs worldwide, along with economic growth, reduction of greenhouse gas emissions, and energy security by 2030.

In January, the U.S. Department of Agriculture announced a $25 million partnership with Fiberight, a Novozymes partner. The commitment will support the construction of a new advanced biofuels plant in Blairstown, Iowa. The plant will turn municipal solid waste into biofuels, producing six million gallons per year when fully operational in the first half of 2013.