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Neogen® Releases CelluSmart Technology for Biofuel Industry Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced today that it has launched the new CelluSmart technology ...

Key Takeaway: Neogen Corporation has launched its new CelluSmart technology aimed at improving the measurement of cellulosic ethanol in the biofuel industry. This innovative technology enhances the existing NREL procedure by introducing a yeast-degrading cocktail, contributing to significant reductions in greenhouse gas emissions. Neogen's advancements may allow ethanol producers to access new markets, and the technology has been integrated into ASTM Method E-3417-24, complying with EPA standards. The company emphasizes its commitment to fostering sustainable practices in the ethanol sector and enhancing food security globally.

Market Sentiment Analysis

POSITIVE FACTORS

  • Launch of CelluSmart technology improves measurement of cellulosic ethanol.
  • Potential for the technology to help reduce greenhouse gas emissions significantly.
  • Technology aligns with sustainable market efforts, including new sustainable aviation fuel.
  • Neogen strengthens partnerships with the biofuel industry for a sustainable future.

Full Press Release Details

LANSING, Mich. , June 7, 2024 /PRNewswire/ -- Neogen ® Corporation (NASDAQ: NEOG ), an innovative leader in food safety solutions, announced today that it has launched the new CelluSmart technology from Megazyme ® by Neogen for the measurement of cellulosic ethanol from biofuel production.
In creating this industry-first technology, Neogen improved upon the previous National Renewable Energy Laboratory (NREL) procedure, introducing a yeast-degrading cocktail (YDC). With these improvements, CelluSmart allows the ethanol industry to fully realize its efforts to produce low-carbon fuels, represented in value by the D3 RINs generated from in-situ production.
Cellulosic ethanol represents a 60% reduction in greenhouse gas emissions from standard petroleum-based fuel and helps progress toward climate goals. The CelluSmart technology has the potential to help ethanol producers further reduce carbon intensity scores, which, in combination with other factors, may help them gain access to new markets, including sustainable aviation fuel.
"The ethanol industry is a success story in providing low-carbon renewable energy," said John Adent , Neogen's President and Chief Executive Officer. "With the new CelluSmart technology, we can continue to leverage our knowledge in fiber and carbohydrate method development to contribute to the growth of this industry and help create a more sustainable world."
"Neogen is a long-term partner with the biofuel industry, and we have worked together in the food safety space over the years," said Dr. Jason Lilly , Vice President of the Americas and Australia / New Zealand at Neogen. "We are thrilled to provide producers with this highly requested technology and strengthen our relationship with the industry as we strive to enable a more sustainable future."
The CelluSmart technology is incorporated into ASTM Method E-3417-24, which meets the U.S. Environmental Protection Agency's (EPA) requirements for an approved method from a voluntary consensus standards body.
Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.
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SOURCE Neogen Corporation

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Frequently Asked Questions

What is CelluSmart technology?

CelluSmart technology is a new measurement solution for cellulosic ethanol from biofuel production, launched by Neogen.

How does CelluSmart benefit ethanol producers?

It helps producers reduce carbon intensity scores, potentially opening access to new markets like sustainable aviation fuel.

What is the environmental impact of cellulosic ethanol?

Cellulosic ethanol can reduce greenhouse gas emissions by 60% compared to conventional petroleum fuels.

Who developed CelluSmart technology?

CelluSmart was developed by Neogen, improving upon a prior NREL procedure with a yeast-degrading cocktail.

Is CelluSmart compliant with EPA methods?

Yes, CelluSmart is incorporated into ASTM Method E-3417-24, meeting EPA requirements.

Last updated: Jun 7, 2024