Word: eldrup
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...development - nearly half of which was marked for renewables. Underscoring its commitment to a green transformation, Dong is in the process of shutting down 25% of its coal-fired power plants and switching to straw-based and other renewable fuels. "We're taking the big steps now," says Eldrup. "This is different from politicians who make big promises to do something in the future. We want to show that you must have a big vision and be ready to deliver." (See the top 10 scientific discoveries...
...February, Dong signed a licensing agreement with Japan's Mitsui Engineering & Shipbuilding for Inbicon's biomass-refinery technology to convert waste products from palm oil into ethanol. "In our view, being on the edge of new green technologies is a great opportunity," says Eldrup. "It gives us an advantage in reducing CO[subscript 2], but it also gives us technological advantages as well as business opportunities. The U.S. has very high ambitions to increase its ethanol production, and we think this might be a great opportunity in years to come...
...Eldrup says Denmark makes a good test case for the large-scale production of electric cars. For starters, the country does not have an auto industry. Second, Danes pay a 180% tax for new-car registration, while there is no such fee imposed on electric autos, an attractive incentive for consumers. "If we are successful, that gives us a lot of learning and new development in new technology and businesses in Denmark," says Eldrup. He adds, "It also gives us value in exporting." (See the top 10 news stories...
...what helps companies weather short-term vagaries. Dong recently reported a tumble in revenue from $11 billion in 2008 to $9.1 billion in 2009 - in large measure because of the global financial crisis and drop in energy prices. While the company said it expects higher sales in 2010, Eldrup looks beyond the quarterly reports. "This is the way the energy business is," he says. "We are working on a long-term horizon...
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