IHS Chemical Week

Chemical Week Magazine :: Cover Story

Biotech Boom Will Help Abate Steep U.S. Job LossES

November 15, 2010 | REBECCA COONS

Industrial biotechnology is expected to be a new driver of jobs in the U.S. chemical industry, which has suffered significant declines in employment as the global production base moves to the feedstock-advantaged Mideast. According to the Biotechnology Industry Association (BIO; Washington, DC), chemical jobs in the U.S. have declined 20% since 1990, to 800,000 in 2009. Plastics shed 12%, or 116,000 jobs, in the last seven years alone. The development of a biobased chemicals industry could create tens of thousands of jobs in the U.S. in the next five years alone...

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