IHS Chemical Week

CHEM IDEAS

'The Start of the Biobased Economy is Now'

9:43 AM MDT | October 21, 2011 | By REBECCA COONS

The global economy is in the process of shifting from a fossil age to a biobased economy, Feike Sijbesma, chairman and CEO of at Royal DSM, told attendees of Biotechnology Industry Association’s (BIO; Washington) World Congress on Industrial Biotechnology and Bioprocessing, currently underway in Toronto. It will most likely take another hundred years, and oil's conventional use will continue for another 30 years, but meaningul progress toward the bioeconomy has begun, he adds.

Sijbesma maintains this new economy is not developing because of dwindling oil resources, but rather rapidly increasing populations and levels of consumption and climate change concerns. “It was not a shortage of stones led to the end of the Stone Age,” he adds. Earlier today, DSM announced plans to build a 10,000 m.t./year biobased succinic acid plant with Roquette Frères (Lestrem, France) in Italy.

He called on the industrial biotechnology to work together to develop a clear idea of what it means to be sustainable, namely an industry-wide and more comprehensive standard for life cycle analyses. He also called on industry leaders  to stop denying the food vs. fuel debate, but rather innovate to develop second-generation biofuels and nutrional co-products from biomass. 
 
BIO presented Sijbesma  with this year’s George Washington Carver Award for Innovation in Industrial Biotechnology for the significant steps in the development of industrial biotechnology made by DSM under his guidance.


Comments (1) for 'The Start of the Biobased Economy is Now'
1.
Bio based economy is good and saves and helpful for the environment and for the natural resources. Thanks for your information which is very unique and informatics for the visitors.
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