It shows the application of industrial biotechnology can improve the efficiency of the biofuel and renewable chemical industries and gives an understanding of the impact of industrial biotechnology on the U.S. economy up to 2008.
Today, the biotechnology industry is enjoying more success and influence than ever before. Our industry’s innovations continue to improve the lives of people worldwide, and the advancement of these innovations is supported by the work of BIO.
There's actually good news about energy and the environment: The U-S will reduce both pollution and reliance on petroleum by tapping into home-grown fuels from farm, wood and paper waste.
Agricultural and industrial biotechnology are key enabling technologies that will allow the U.S. to sustainably reach the new national renewable fuels standard (RFS) established by the Energy Independence and Security Act of 2007.
A 2007 study by Informa Economics of the factors that affect the consumer price index for food finds that rising oil prices, not ethanol, has had the greatest impact.
Biotechnology, the combination of biology and technology, includes biologic applications, diagnostic tools and businesses that improve everyday life by providing solutions to some of life's most vexing problems.