A bioeconomy is one built upon renewable biofuels, bio-based chemicals and bio-based materials. In a bioeconomy, experts can replace energy and materials as fast as society uses them. As the population continues to grow and put greater demands on the food and energy supply, a sustainable bioeconomy model is necessary to ensure that society can continue to feed and fuel its members.
Biofeedstocks and Biomass
Plant-based biofeedstocks absorb carbon from the atmosphere to fuel their growth process and therefore add limited carbon to the environment. As such, green, renewable resources for fuels, chemicals, plastics, materials and fibers (or biomass) now represent the clearest hope for a sustainable economic future.
The production of biofeedstocks and their conversion into improved crops and manufactured products promotes U.S. jobs and economic stability. Biofuels produced from plant biomass, such as corn ethanol, have already positively impacted the U.S. economy. More than 100 communities across the U.S. are home to ethanol plants, with the vast majority using locally grown biotech corn as the feedstock.