BIO Supports Governors’ Biofuels Coalition Call for Vision for the Nation’s Biofuel Future

WASHINGTON, D.C. (Monday, February 23, 2009) - The Biotechnology Industry Organization (BIO) today applauded the Governors’ Biofuel Coalition’s message to the Obama administration calling for a straight-forward message to the American people on the positive role of biofuels.

Brent Erickson, executive vice president of BIO’s Industrial and Environmental Section, said, “We agree with the governors that biofuels are a valuable energy resource and that misinformation about biofuels from entrenched interests has done a great disservice to America. Strong federal leadership is a key to continued development and commercialization of advanced biofuels.”

The biotechnology and advanced biofuels industry is working diligently to make production of cellulosic biofuels a reality in the near future. There are more than 30 existing and planned cellulosic biorefineries set to begin production of advanced biofuels. Federal commitment to the industry would send a strong signal to financial markets, which could provide the needed investment.

“Continued development of the advanced biofuels industry could produce thousands of new green jobs, contribute billions of dollars in economic growth, and increase energy security. The need for domestically produced advanced biofuels should remain a priority for U.S. policymakers and consumers,” Erickson concluded.

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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.