Why wait for future technologies to emerge when existing biotechnology is already allowing us to fight climate change today?
This will be the question posed by Novozymes’ CEO Steen Riisgaard at the World Business Summit in Copenhagen.
“Our existing technologies deliver better results, and we simply do not have the time to wait for new technologies to mature or be invented,” says Steen Riisgaard.
The World Business Summit, which will take place from May 24 to 26, will give world business leaders and politicians the opportunity to share their views on how to create societies that promote sustainability while maintaining economic growth. As the world leader in bioinnovation, Novozymes will be presenting a range of solutions to this challenge at the Business Summit.
Biobased society – The best defense against climate change
“Biotechnology will drive the transition from an oil-dependent society to a biobased society. Within a few years, advances in biotechnology will enable us to use biomass to replace oil in everything from fuels to chemicals, plastics, packaging, and pharmaceuticals. Biotechnology gives us the possibility of decoupling growth from the use of natural resources,” says Steen Riisgaard.
One quarter of the world's CO2 emissions are created by the transport sector, which accounts for some 60% of the world's total oil consumption. So, let’s rethink tomorrow.
Bioethanol reduces greenhouse gas emissions by up to 90%
By way of just one example, second-generation bioethanol made from agricultural waste has the potential to reduce greenhouse gas emissions by up to 90% compared to fossil fuels. Novozymes is the market leader in enzyme technology for bioethanol, and enzymes for the production of second-generation bioethanol will be available on a large scale in 2010. Making fuel out of leftover materials such as straw, stalks, sawdust, and bagasse, this technology simply allows us to produce more from the same amount of resources.
Sustainability can be profitable
By using sustainable biotechnology, it is possible to enhance economic growth in industries all over the world while at the same time saving water, energy, raw materials, and waste to minimize the environmental footprint. Last year alone Novozymes’ solutions cut CO2 emissions worldwide by 28 million tons, equivalent of taking 7 million cars off the road.