July 6, 2010

The future of biorefineries

The green blog is still transcribing tons of interviews and presentations from last week's BIO World Congress on Industrial Biotechnology and Bioprocessing conference held near Washington DC.

For a few insights on what transpired at this fast-growing event, the blog suggests on visiting BIO's official industrial biotech blog "Biofuels and Climate" by Paul Winters.

One big news from the conference is the release of a new report from the World Economic Forum about the importance of industrial biorefineries not only in reducing carbon emissions but placing the US at a competitive advantage in manufacturing and energy.
“In an oil-based society, the United States is at a competitive disadvantage,” said Steen Riisgaard, CEO of Novozymes, who presented the report at the conference. “America has only two percent of the world’s oil reserves, while it uses more than 20 percent of the world’s oil. But in a bio-based society, America has a huge resource advantage. The U.S. has the world’s largest reserves of biomass available and more than 70 percent of the planned second generation biorefineries.”

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