Novozymes Built New Enzyme Plant in U.S. Due to Tax Credit
by Holly Jessen (Ethanol Producer Magazine) Novozymes, a global biotech company, first considered building its newly built enzyme production plant in China but eventually zeroed in on the U.S. One big deciding factor was the $28.4 million tax credit from the U.S. government. “In the middle of a rather shaky global economy, it allowed us some confidence to speed up the construction process,” said Adam Monroe, president of Novozymes North America.
Novozymes inaugurated its enzyme plant in Blair, Neb., on May 31. One day later, Monroe joined Agriculture Secretary Tom Vilsack in a conference call to discuss the importance of the Advanced Energy Manufacturing Tax Credit and the Production Tax Credit, which President Barack Obama recently asked Congress to extend and expand. READ MORE and MORE (DomesticFuel.com) includes audio and MORE (Brownfield) and MORE (Ethanol Producer Magazine)