MetGen: Several Projects In Pipeline For $2bn Industrial Enzyme Market
By chance, I have met recently several Finnish companies operating in the new but growing cleantech segment of industrial enzymes for biowaste-to-energy applications. Enzymes are proteins that catalyze chemical reactions and that can be used as new materials for renewable energy solutions. The global industrial enzyme market is currently valued at $2bn with an annual growth rate of 3-5%, which is fairly moderate. However, the large M&A transactions increase the attractiveness of this segment. Examples of transactions in this area include, for instance, the buy-out of Indian Biocon's food industry enzymes unit by Novozymes for $115m in 2007 (story) and also the merger of US-based Celunol and Diversa in 2007 (story).
