February 26, 2009

Bio-funding slumps in Europe

Bad news for green chemistry and industrial biotechnology proponents in Europe. According to this article from ICIS Chemical Business, Europe is losing ground when it comes to bio-refinery R&D and infrastructure because of decreasing funding and resources.

The opposite is happening in the US where the former Bush administration drove large funding for biofuels R&D, and the Obama administration is expected to increase target output for biofuels.

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