A new company founded on technology developed at the National University of Ireland, Galway and a €10m investment from Canadian company Micromill, aims to become a major player in the biofuels industry.
The company, Eirzyme, has incorporated in Ireland and has set up initial R&D laboratories at the Enterprise Ireland funded bio-incubator facility at NUI Galway.
It will produce low-cost enzymes to convert biological materials such as brewers’ grains into bioethanol and biogas. These renewable fuels produce environmental benefits by reducing overall emissions of greenhouse gases and are sustainable alternatives to petrol and diesel.
The ultimate goal for Eirzyme is to set up a large scale enzyme production facility which will manufacture specific enzyme cocktails to work on a range of raw materials.
‘There has been considerable industrial interest in the patented technology developed by Dr Maria Tuohy and her research team at NUI Galway. The formation of Eirzyme is the first step towards unlocking the inherent commercial potential of their breakthroughs,’ said Dr Daniel O’Mahony, Director of Technology Transfer at NUI Galway.