Renewable Biofuels Can Create Green Jobs, Contribute to a New Energy Economy, BIO Says

WASHINGTON, D.C. (Wednesday, January 07, 2009) - Funding existing research and development programs and extending tax credits for clean energy production can speed completion of renewable energy projects that create jobs and generate economic activity. The Biotechnology Industry Organization today joined 33 other renewable energy, environmental and agricultural groups in asking Congressional leaders to include in economic recovery legislation funding for important Farm Bill programs and extension of renewable energy production tax credits.

Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, said, “Renewable biofuels could be a real driver of economic growth and new job creation as biorefinery projects and supporting infrastructure are built throughout the United States. For instance, a cellulosic biorefinery that produces both advanced biofuels and biobased products could create as many as 2,200 new jobs and increase economic activity by more than $1 billion.

“Many next-generation projects currently lack access to capital and credit. Federal commitment to the new energy economy that the incoming Obama administration highlighted during the campaign would help secure new investment in viable advanced biofuel projects. Congress right now has an opportunity to ensure that the United States’ economic recovery is both financially and environmentally sustainable.”

For a copy of the letter to the House and Senate majority leadership from BIO and other groups, please contact Paul Winters, BIO, 202.962.9237 or pwinters@bio.org.

The Advanced Biofuels & Climate Change Information Center presents the latest commentary and data on the environmental, greenhouse gas and other impacts of biofuel production. Drop in and add your comments, at http://biofuelsandclimate.wordpress.com/.

Upcoming BIO Events

BIO-Asia Partnering Conference 2009
January 19-20, 2009
Tokyo, Japan

BIO CEO & Investor Conference 2009
February 9-10, 2009
New York, New York

BIO-Europe Spring
March 16-18, 2009
Milan, Italy

BIO Windhover 2009
April 13-15, 2009
New York, New York

2009 BIO International Convention
May 18-21, 2009
Atlanta, Ga. 

BioEquity Europe
June 9-10, 2009
Munich, Germany

World Congress on Industrial Biotechnology & Bioprocessing
July 19-22, 2009
Montreal, Quebec, Canada

  

About BIO

BIO represents more than 1,200 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.

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