WASHINGTON, D.C. (June 28, 2006) – Industrial biotech applications in the chemical industry could create $160 billion in added value by 2010, according to McKinsey & Company, a leading global management consulting firm. Value-creation in the chemical industry through biotechnology and renewable agricultural feedstocks will be one of the topics explored at the third annual World Congress on Industrial Biotechnology and Bioprocessing, to be held July 11-14, 2006 at the Toronto Westin Harbour Castle Hotel. The Congress is hosted by the Biotechnology Industry Organization (BIO), American Chemical Society, the National Agriculture Biotechnology Council, the Agri-Food Innovation Forum, the Chemical Institute of Canada, BIOTECanada and EuropaBIO.
Educational sessions focusing on biorefineries, biochemicals new biobased products include:
· Biorefineries – Building the Future on Dirt-Cheap Sugars and High-Value Co-Products – Wednesday, July 12 at 1:45 p.m.
Kevin Wenger of Novozymes and Steve Lewis of Broin will join other panelists to explore the economic potential of biorefineries.
· Biorenewable Industrial Chemicals – Wednesday, July 12 at 3:30 p.m.
Researchers from Iowa State University, Rice University, Degussa and Cargill will discuss the latest advancements in commercial chemicals from renewable agricultural sources.
· Pharmaceutical Manufacturing in Biological Cell-Factories – Thursday, July 13 at 8:30 a.m.
Panelists will discuss the potential for creating pharmaceuticals within microbes. Panelists include Doug Cossar, Cangene; Perry Chou and Christine Moresoli, University of Waterloo; and Georgia Jacobi, GE Healthcare.
· Value-Creation Through White Biotechnology – Thursday, July 13 at 1:45 p.m.
Jens Riese of McKinsey & Co. will lead a discussion of the economic potential of industrial biotechnology, with Volkert Claassen and Colja Laane of DSM, and Iain Gillespie, OECD.
· Advances in Biopolymers – Friday July 14 at 10:15 a.m.
Daniel Soliaman of USDA; Christophe Bliard of the Centre National de la Recherche Scientifique; and Oliver Peoples, Metabolix discuss the latest research advances.
· New Products and Materials from Biobased Feedstocks – Friday July 14 at 3:30 p.m.
Executives from Cargill, Biotech Research Institute-National Research Council and Slovak Academy of Sciences explore new biobased materials and their possible uses.
Advance media registration for the World Congress on Industrial Biotechnology and Bioprocessing is now available online until July 3. Registration is complimentary for credentialed members of the news media. To register and or to view the program, please visit http://www.bio.org/worldcongress/. Only reporters and editors working full-time for print or broadcast news organizations may register onsite with valid media credentials. All freelancers and online publications must register in advance by Monday, July 3, 2006.
BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and 31 other nations. BIO members are involved in the research and development of healthcare, agricultural, industrial and environmental biotechnology products.