BIO Whitepaper: Biotech Chemical Platforms to Create Green Jobs

Filed in archive Corporate and Industrial News , Did you know , Energy, Environment and Ecology on January 11, 2010

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The Biotechnology Industry Organization (BIO) has released a white paper on the growth and jobs potential of green chemicals and briefed Congressional staff on the commercial status of industrial biotechnologies for algae applications, biobased products, and advanced biofuels.

The white paper, Biobased Chemicals and Products: A New Driver of U.S. Economic Development and Green Jobs (pdf file), indicats that the biobased chemicals and plastics industry accounts for over 5,700 direct jobs and is likely responsible for over 40,000 jobs economy wide. A related report commissioned by BIO, U.S. Economic Impact of Advanced Biofuels Production (pdf file), projects that development of advanced biorefineries could create as many as 29,000 jobs over the next few years.

These innovations in industrial biotechnology will definitely impact not only small time cleaning franchise companies, but also help restore U.S. economic competitiveness.