With global economic power shifting from West to East, many multinational companies are gearing up to meet increased demand from strategic emerging industries in such expanding markets as China.

As one of the world's leading producers of industrial enzymes, Novozymes believes that biotechnology has become a huge opportunity for China to reshape and upgrade its industrial structure, and a critical pathway for the country's green, sustainable growth.

"Novozymes will continue our joint efforts with our Chinese partners - COFCO and Sinopec - in accelerating the industrialization of advanced biofuels," said Thomas Nagy, executive vice-president of Novozymes.