Difference between revisions of "Steen Riisgaard"

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Steen Riisgaard is the former president and CEO of the Denmark-based [[biotech]] company Novozymes, the world’s largest producer of industrial enzymes. He held this position since Novozymes was founded in a demerger from Novo Nordisk in 2000 and left the company in 2013 when [[Peder Holk Nielsen]] stepped up as CEO.  
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'''Steen Riisgaard''' (born 22 March 1951) is the former president and CEO of the Denmark-based [[biotech]] company [[Novozymes]], the world’s largest producer of [[industrial enzymes]]. He held this position since Novozymes was founded in a demerger from [[Novo Nordisk]] in 2000 and left the company in 2013 when [[Peder Holk Nielsen]] stepped up as CEO. He is a member of the [[Trilateral Commission]].
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== Early life and education ==
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Steen Riisgaard was educated at the [[University of Copenhagen]] and holds an MSc in [[Microbiology]] from 1979. Riisgaard founded a local branch of the environmental organization Noah ([[Friends of the Earth]], Denmark) in Ballerup, Denmark.<ref>http://www.dr.dk/P1/P1Business/Udsendelser/2009/06/30150244.htm </ref>
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==Career ==
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Riisgaard started<ref>http://www.novozymes.com/en/MainStructure/AboutUs/Organization/Top+Management/SteenRiisgaard/Steen+Riisgaard.htm</ref> his career as a research fellow at the [[Statens Serum Institut|Serum Institute of Denmark]] and a research microbiologist at Foss Electric, Denmark. In 1979, he joined Novo Nordisk in Enzymes Research & Development. In 1982 he moved to Tokyo to start up an Enzymes Research & Development unit in the Novo Nordisk subsidiary Novo Industri Japan Ltd. After his return to Denmark in 1985, he held a range of jobs in the company before he was promoted to Corporate Executive Vice President with special responsibility for Enzyme Business in 1989.
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When Novozymes was spun off from Novo Nordisk in a demerger in 2000, Riisgaard was made President and CEO of the new company. He has held this position since then.
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Riisgaard is chairman of [[World Wide Fund for Nature|WWF]] (World Wide Fund for Nature) Denmark, chairman of the board of trustees of [[Egmont Group]] and [[Rockwool (company)|Rockwool International A/S]], and he serves on the board of [[EuropaBio]].
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== Biofuels and ‘the bio-based society’ ==
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Riisgaard has been vocal in his support for advanced [[biofuels]] (for which Novozymes produces the essential enzymes) and called for politicians to support the industry with credit lines and loan guarantees.<ref>https://archive.today/20120918105258/http://www.forbes.com/2009/02/12/novozymes-ceo-aid-markets-commodities-0212_ethanol_26.html</ref> Steen Riisgaard has repeatedly stated that Novozymes would be ready in 2010 with the enzymes necessary to convert agricultural waste to fuel at a price level competitive with gasoline,<ref>http://uk.reuters.com/article/idUKLS68612020090128</ref><ref>http://uk.reuters.com/article/idUKN0953618820090209?sp=true</ref> and on February 16, 2010, he announced that the enzymes were ready.<ref>http://www.novozymes.com/en/MainStructure/PressAndPublications/PressRelease/2010/New+enzymes+turn+waste+into+fuel.htm </ref><ref>http://www.ft.com/cms/s/0/bc8c31d2-1a8a-11df-bef7-00144feab49a,s01=1.html</ref> According to Steen Riisgaard, biofuels are the first step on the way to a ‘bio-based society’ in which “sugar will be the new oil”<ref>https://web.archive.org/web/20090925022018/http://www.theenergycollective.com/TheEnergyCollective/4823</ref> and “the basis for an entire new chemicals industry”.<ref>http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6879356.ece </ref> In the bio-based society, traditional oil-based technology, products and infrastructure will be replaced by biotechnology and renewable raw materials input:
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"Riisgaard [...] says he imagines a future in which bio-refineries are dotted around the countryside producing fuels and other chemicals from biomass such as agricultural waste. [...] Riisgaard reckons that converting agricultural waste into other chemicals (including fuels) using industrial biotechnology could replace 20-25% of global oil consumption."<ref>http://www.economist.com/sciencetechnology/tq/displayStory.cfm?story_id=13725783</ref>
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In January 2008, Novozymes announced a partnership with US agriculture giant [[Cargill]] to produce [[acrylic acid]] from renewable raw materials<ref>http://www.novozymes.com/en/MainStructure/PressAndPublications/PressRelease/2008/Cargill+cooperation.htm </ref> and in December 2009 the company announced a partnership with Brazilian petrochemical company [[Braskem]] to make [[polypropylene]] from sugarcane.<ref>http://www.novozymes.com/en/MainStructure/PressAndPublications/PressRelease/2009/Braskem+cooperation.htm</ref>
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==References==
 
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Latest revision as of 01:57, 16 February 2022

Person.png Steen Riisgaard  Rdf-entity.pngRdf-icon.png
(microbiologist, businessman)
Steen Riisgaard.jpg
Bornborn 22 March 1951
NationalityDanish
CitizenshipDanish
Alma materUniversity of Copenhagen
Member ofTrilateral Commission
Interestsbiofuels
CEO of the Denmark-based biotech company Novozymes, the world’s largest producer of industrial enzymes. “Sugar will be the new oil”

Steen Riisgaard (born 22 March 1951) is the former president and CEO of the Denmark-based biotech company Novozymes, the world’s largest producer of industrial enzymes. He held this position since Novozymes was founded in a demerger from Novo Nordisk in 2000 and left the company in 2013 when Peder Holk Nielsen stepped up as CEO. He is a member of the Trilateral Commission.

Early life and education

Steen Riisgaard was educated at the University of Copenhagen and holds an MSc in Microbiology from 1979. Riisgaard founded a local branch of the environmental organization Noah (Friends of the Earth, Denmark) in Ballerup, Denmark.[1]

Career

Riisgaard started[2] his career as a research fellow at the Serum Institute of Denmark and a research microbiologist at Foss Electric, Denmark. In 1979, he joined Novo Nordisk in Enzymes Research & Development. In 1982 he moved to Tokyo to start up an Enzymes Research & Development unit in the Novo Nordisk subsidiary Novo Industri Japan Ltd. After his return to Denmark in 1985, he held a range of jobs in the company before he was promoted to Corporate Executive Vice President with special responsibility for Enzyme Business in 1989.

When Novozymes was spun off from Novo Nordisk in a demerger in 2000, Riisgaard was made President and CEO of the new company. He has held this position since then.

Riisgaard is chairman of WWF (World Wide Fund for Nature) Denmark, chairman of the board of trustees of Egmont Group and Rockwool International A/S, and he serves on the board of EuropaBio.

Biofuels and ‘the bio-based society’

Riisgaard has been vocal in his support for advanced biofuels (for which Novozymes produces the essential enzymes) and called for politicians to support the industry with credit lines and loan guarantees.[3] Steen Riisgaard has repeatedly stated that Novozymes would be ready in 2010 with the enzymes necessary to convert agricultural waste to fuel at a price level competitive with gasoline,[4][5] and on February 16, 2010, he announced that the enzymes were ready.[6][7] According to Steen Riisgaard, biofuels are the first step on the way to a ‘bio-based society’ in which “sugar will be the new oil”[8] and “the basis for an entire new chemicals industry”.[9] In the bio-based society, traditional oil-based technology, products and infrastructure will be replaced by biotechnology and renewable raw materials input:

"Riisgaard [...] says he imagines a future in which bio-refineries are dotted around the countryside producing fuels and other chemicals from biomass such as agricultural waste. [...] Riisgaard reckons that converting agricultural waste into other chemicals (including fuels) using industrial biotechnology could replace 20-25% of global oil consumption."[10]

In January 2008, Novozymes announced a partnership with US agriculture giant Cargill to produce acrylic acid from renewable raw materials[11] and in December 2009 the company announced a partnership with Brazilian petrochemical company Braskem to make polypropylene from sugarcane.[12]



 

Events Participated in

EventStartEndLocation(s)Description
WEF/Annual Meeting/201126 January 201130 January 2011World Economic Forum
Switzerland		2229 guests in Davos, with the theme: "Shared Norms for the New Reality".
WEF/Annual Meeting/201225 January 201229 January 2012Switzerland2113 guests in Davos
WEF/Annual Meeting/201323 January 201327 January 2013World Economic Forum
Switzerland		2500 mostly unelected leaders met to discuss "leading through adversity"
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References

  1. ↑ http://www.dr.dk/P1/P1Business/Udsendelser/2009/06/30150244.htm
  2. ↑ http://www.novozymes.com/en/MainStructure/AboutUs/Organization/Top+Management/SteenRiisgaard/Steen+Riisgaard.htm
  3. ↑ https://archive.today/20120918105258/http://www.forbes.com/2009/02/12/novozymes-ceo-aid-markets-commodities-0212_ethanol_26.html
  4. ↑ http://uk.reuters.com/article/idUKLS68612020090128
  5. ↑ http://uk.reuters.com/article/idUKN0953618820090209?sp=true
  6. ↑ http://www.novozymes.com/en/MainStructure/PressAndPublications/PressRelease/2010/New+enzymes+turn+waste+into+fuel.htm
  7. ↑ http://www.ft.com/cms/s/0/bc8c31d2-1a8a-11df-bef7-00144feab49a,s01=1.html
  8. ↑ https://web.archive.org/web/20090925022018/http://www.theenergycollective.com/TheEnergyCollective/4823
  9. ↑ http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6879356.ece
  10. ↑ http://www.economist.com/sciencetechnology/tq/displayStory.cfm?story_id=13725783
  11. ↑ http://www.novozymes.com/en/MainStructure/PressAndPublications/PressRelease/2008/Cargill+cooperation.htm
  12. ↑ http://www.novozymes.com/en/MainStructure/PressAndPublications/PressRelease/2009/Braskem+cooperation.htm
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