Industrial Biotechnology: Aiming to Compete on Price and Performance

The higher cost of agricultural commodities is prompting a slew of chemical companies to develop the next-generation of biomaterials, also known as white or industrial biotech, to secure sustainable margins. These firms, including Archer Daniels Midland (ADM), are particularly focused on systems that can compete with, or even beat, some petrochemical processes on price and performance. The aim is to go beyond the relatively simple task of processing starting materials, to developing complex manufacturing systems using integrated biorefineries that mirror modern...

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