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

Much change at Fera, the Food and Environment Agency

Capita, a national business services provider, has paid £20 million to acquire a 75 per cent stake in the Food and Environment Research Agency (Fera), based at Sand Hutton, just outside York, UK.

In addition to investing £20 million to acquire the organisation, Capita has indicated that it will invest a further £10 million, which will be boosted by £9 million funding from Fera and Newcastle University to create a new research institute, bringing 40 research posts to the city of York and upgrading the site’s facilities.

For details of The Press article, please click here