June 16, 2008

Novozymes Signs Carbon-Neutral Power Supply Agreement With Dong Energy

Industrial enzymes producer Novozymes has reached an agreement with Dong Energy to progressively reduce its use of energy and convert the savings realized, into the purchase of energy from the Horns Rev-2 offshore wind turbine park.

Novozymes will use the actual savings from reducing its energy use to purchase renewable energy that will be delivered from the proposed Horns Rev offshore wind park. The agreement represents more than 30% of the wind turbine park's total capacity.

The agreement states that Novozymes in Denmark will be 100% CO2-neutral for electricity by 2012, which will deliver a considerable contribution to Novozymes' overall goal to decouple growth in CO2 emissions from growth in its business.

Dong Energy's experts will work together with Novozymes to help identify and implement the energy savings options. Measured in terms of savings in CO2 emissions, this arrangement is reportedly the largest of its kind to date in Denmark.

Lars Clausen, executive vice president at Dong Energy, said: "Novozymes stimulates the development of sustainable energy by taking this leadership role and showing that in Danish industry there is a willingness to buy energy from CO2-neutral production facilities. The agreement will contribute substantially to increasing the demand for energy produced by wind turbines."