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| DNV Group CEO Henrik O Madsen |
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A Norwegian company can boast of a strong relationship and long history with China. Det Norske Veritas will celebrate 125 years of cooperation in 2013. The company has committed to support the development and growth of the Chinese people.
Hiring over 10,300 employees spread to 300 offices in 100 countries, DNV has its overseas office of 900 staff members in China. It was the first Norwegian company to include a Chinese director on its corporate board.
DNV carries out an objective to safeguard life, property and environment in different facets of domestic industries with a focus on sectors such as maritime, oil and gas, energy, power generation, transmission, healthcare and food safety.
“We established a sustainability center in Beijing and our goal is to work with large State-owned enterprises on areas such as governance,” says DNV Group CEO Henrik O. Madsen. “Our plan is to help companies grow globally, such as through mergers and acquisitions, and manage risk information and environmental exposure.”
A driving factor behind continued success of the company is its drive for innovations and staying at the forefront of technology. DNV invests $100 million annually on research and development alone.
“We don’t design new technology. We have created concepts in a more cost-efficient, safe and environmentally conscious manner. Most technology already exists in the industry and what we need is to use it in new ways. All we’re doing is demonstrating to our clients what can be done and guide the industry in the right direction,” he added.
Liquefied Natural Gas (LNG), an alternative energy source, is one of the many solutions that DNV is advocating to reduce contamination and to increase efficiency.
“A shift from coal and oil to LNG for power generation and transportation will lead to significant reductions of pollution and CO2 emissions,” Madsen said. “We are developing it as the fuel of the future and we envision that by 2020 half of all new buildings can run on LNG.”
DNV is engaged in creating standards for the development, transportation and storage of LNG. “We are keen to work on the entire gas chain, and we see China as an integral part of our success to make more breakthroughs in the field,” Madsen said.
www.dnv.com
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