1 Dec 2009
ERJ staff report (DS)
London -- The Nordic Investment Bank has signed a loan with Danisco, a Danish biotechnology company, to finance two R&D programmes in the company's enzyme division, Genencor. The loan, totalling EUR 40 million, will be put towards the production of marketable bio-isoprene for rubber fabrication and cellulosic based bioethanol.
Bio-isoprene will be an alternative to petroleum-derived isoprene. Isoprene is a raw material in rubber products such as tyres. Genencor recently signed an agreement with Goodyear to develop the material for potential use as an ingredient in Goodyear's synthetic rubber manufacturing programme.
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Press release from ordic Investment Bank
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