May 6, 2009 6:49 AM

Obama's biofuels policy boosts California-based Novozymes Inc.

The biofuels business has stalled in the last year, but in Davis, Novozymes Inc. is revving up. The Obama administration boosted Novozymes and the rest of the biofuels sector Tuesday with a raft of policy and funding announcements meant both to help the gasping corn-ethanol industry and to speed the commercialization of biofuels that aren't made from food.

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