Enzyme developer Novozymes could get up to 90% of its revenue from sales to the biofuel market by 2030 if more countries embrace renewable energy, said incoming CEO Peder Holk Nielsen. The firm gets about 16% of its revenue from biofuel producers and less than 1% from cellulosic ethanol producers, Nielsen said. "If the world really wants to secure a significant part of its liquid-fuel consumption based on biomass, this would totally transform the enzyme business," he said.

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