US Biobased Products Industry: Economic Impact Analysis

paperinsight bioeconomyA detailed report commissioned by the USDA’s ‘BioPreferred® Program’, has been released. Some highlights are:

  • A conservative estimate of 40,000 bio-based products were sold in the USA in 2013 with an estimated value of $126 billion.
  • The bio-based industries contributed $369 billion to the US economy in 2013.
  • The bio-based products industry directly employed 1.5 million Americans in 2013.
  • The biobased products are currently displacing about 300 million gallons of petroleum per year – equivalent to taking 200,000 cars off the road.

The seven sectors considered to be involved the US bio-based products industry were:

  • Agriculture and Forestry
  • Bio-refining
  • Biobased Chemicals
  • Enzymes
  • Bioplastic Bottles & Packaging
  • Forest Products
  • Textiles

A good read for those interested in the bio-based economy and the future potential of bio-renewables.

For the full report, please click here

The Social Progress Index – an alternative way to look at the best places to live

Smile sadThere is a growing number of indexes which compare the different places we live in the world and rank them using various criteria – the the Economist’s Big Mac Index, the Legatum Prosperity Index and there are others if one only compares the suspect GDP figures issued by countries throughout the world.

TED is often a good place to go for ideas on most things, and they too have published an approach which makes a case for judging a place to live, not by its GDP, but by a Social Progress Index. Some countries are missed in their analysis but it is another way of looking at things. In the end it depends on what you personally value about where you live or where you would long to live.

Take a look at the Social Progress Index which gives an alternative way of looking at the best places to live. What do you think?