International Trade Commission Finds Industrial Biotechnology Vital ...

Tag : industrial wire

WASHINGTON, D.C. (Thursday, July 17, 2008) - Innovative researchand development in industrial biotechnology is the key to futureproductivity and competitiveness for U.S. chemical and biofuelscompanies. The Biotechnology Industry Organization (BIO) todayapplauded the findings of the U.S. International Trade Commissionfact-finding report, Industrial Biotechnology: Development andAdoption by the U.S. Chemical and Biofuel Industries.
Brent Erickson, executive vice president of BIOs Industrial andEnvironmental Section, said, U.S. chemical and biofuel companiescan keep their competitive edge in the world economy by developingnew products from renewable resources, creating cleaner, moresustainable manufacturing processes, and reducing their costs byadopting industrial biotechnology. Industrial biotech companies aresteadily introducing a range of new products  including plastics,advanced biofuels, and chemicals  made from renewable resourcesinstead of petroleum. Industrial biotechnology also enables thesecompanies to develop cleaner, environmentally sustainable processesfor manufacturing products by reducing use of energy and resources,producing fewer byproducts, and eliminating toxic waste. Reducingenvironmental impacts, including greenhouse gas emissions, will bea key to maintaining future competitiveness for U.S. chemical andbiofuel companies.
The report finds: