Novonesis announced its fourth-quarter financial results on May 8, highlighting a 10% organic growth in its Agriculture, Energy, and Tech segment—largely powered by demand from the ethanol industry, reports Biodiesel Magazine.
The company attributed much of the growth in its Energy subsegment to increased ethanol production, particularly in Latin America and India. Both regions saw strong sales, supported by expanding ethanol production capacity, including advances in second-generation ethanol technology. North America also contributed to the subsegment’s growth through broader adoption of new innovations and a rise in ethanol output.
In addition to ethanol, Novonesis noted that strong progress in biodiesel solutions played a positive role in the segment’s performance.
Across all business areas, Novonesis recorded 11% organic sales growth for the quarter. The Food and Health Biosolutions segment led with 12% growth, while the Planetary Health Biosolutions segment—which includes Energy—grew b 11%.
The full Q4 financial report is available on Novonesis’ official website.
