Word: riisgaard
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People like CEO Steen Riisgaard, a passionate environmentalist who went into business because he thought he could do good, are helping the technology mature. Novozymes, the $1 billion, Copenhagen-based company he leads, sells microbes and enzymes made from genetically engineered bugs that improve consumer products and make dirty industrial processes more environmentally friendly. But as the volume of ethanol brewed in the U.S. has doubled since 2001, to 3.4 billion gal., the farm-fuel business has become Novozymes' fastest-growing source of revenue...
...involved in this because we believe there is a market," says Riisgaard, though he thinks a large bioethanol industry is still years away. With more funds from the DOE, Novozymes will supply enzymes for a bioethanol plant to be built in Nebraska next year by a subsidiary of the Spanish firm Abengoa. More than a few people in Washington will be watching. --By Unmesh Kher. Reported by Ulla Plon/Copenhagen
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