Eirzyme has incorporated in Ireland and has set up initial R&D laboratories at the Enterprise Ireland-funded bioincubator facility at NUI Galway. The new company 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.
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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.
Dr Daniel O'Mahony, Director of Technology Transfer at NUI Galway said: "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. Eirzyme will have global reach and we are confident that the company will make a valuable contribution to addressing future energy needs."
Dr O'Mahony added: "Without the funding support received from Enterprise Ireland and other funding agencies, this break-through technology would not have emerged. As a research-intensive organisation, NUI Galway has a strong commitment to supporting technology development leading to technology transfer and commercialisation. In the past 12 months the university has executed eight licence agreements across different industry sectors and looks forward to executing a number of other licensing agreements on other technologies later this year."
(LC)
