## Biotech likely to be primary driver of innovation in the chemical industry A new industrial revolution is taking place as biotechnology becomes an increasingly important catalyst for innovation in the chemical industry. According to one speaker at a recent briefing in New York on industrial biot
✦ LIBER ✦
Industry gears up for industrial biotechnology wave
- Publisher
- Elsevier Science
- Year
- 2004
- Weight
- 44 KB
- Volume
- 2004
- Category
- Article
- ISSN
- 1351-4180
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✦ Synopsis
residual biomass. The US' 75 ethanol refineries produced a record 2.8 bn gallons in 2003. At least 12 new ethanol refineries are being built in the US. This is largely attributable to the development of more efficient enzymes, advances in genetically modified maize, and government subsidies. Approximately 5% of global chemical sales are derived in part from industrial biotechnology and this could reach 20% by 2010. Environmental products derived from biotechnology raw materials, for example for the automotive sector, are currently in development.
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