“Visible Progress in Commercialization of Advanced Biofuels, Biobased Products and Renewable Chemicals” (download PDF) is a picture book of biorefineries across the United States. It includes commercial facilities that have been in operation for as many as 10 years and new ones under construction. It also shows demonstration and pilot biorefineries that are scaling up innovative processes.
These biorefineries are producing new employment opportunities and jump-starting economic development when they’re needed most. Each facility represents millions of dollars in new capital investment during a period when capital markets have been highly risk averse and nearly frozen. They also represent the culmination of years of planning, permitting, research and development, and scaling up innovative new biotechnology processes from bench top, to pilot stage, to demonstration and finally commercial production.
Many of these biorefinery projects have benefited from public-private partnerships that opened up capital investment opportunities for new technology and small businesses. Stable, long-term policies that level the playing field in the marketplace for new products and technologies also help companies bring new products to the marketplace. Construction and operation of these biorefineries provides a strong return on that investment.
The United States is rapidly building a biobased economy, where biotechnology is used to convert renewable material to high-value products, such as biofuels, renewable chemicals, and biobased materials. And biotechnology companies are leading this explosion of innovation. The United States can use its leadership in biotechnology, agricultural productivity and manufacturing innovation to build a biobased economy.
This picture book provides visible evidence that building the biobased economy will generate additional jobs in manufacturing, agricultural production and forestry, transportation and distribution, and construction, with biorefineries being built in every region of the United States, in traditional manufacturing regions and in rural areas.