February 22, 2012

Boosting economy with biobased products

US producers of bio-based products will be happy to know that President Obama signed a presidential memo yesterday that requires the federal government via the US Department of Agriculture's (USDA) BioPreferred Program to track and increase its purchases of products made from plants and other renewable agricultural materials.

The memorandum directs federal agencies to take decisive steps (such as small business assistance, increase biobased product categories, education and outreach) to dramatically increase the purchase of biobased products over the next two years. This Memorandum is expected to result in a 50% increase in the number of new products that are designated as biobased within a year.

Here is a short video from USA Today on the news about President Obama's biobased products memo.

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