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Policies Driving the Bioeconomy
October 19, 2021 @ 3:00 pm - 5:00 pm
Session Kindly Sponsored by
Charlie McConalogue, Minister for Agriculture, Food and the Marine
Economic Impact Analysis of the US Biobased Products Industry
The US Department of Agriculture (USDA) recently released a report, Economic Impact Analysis of the U.S. Biobased Products Industry, on the 10th anniversary of the creation of the USDA’s Certified Biobased Product Label. The report demonstrates that the biobased industry is a substantial generator of economic activity and jobs, and that it has a significant positive impact on the environment. According to the report, in 2017, the biobased products industry:
- supported 4.6 million American jobs through direct, indirect and induced contributions
- contributed $470 billion to the US economy
- generated 2.79 jobs for every biobased job in other sectors of the economy.
Dr Jay Golden, Pontarelli Professor of Environmental Sustainability and Finance, Maxwell School, Syracuse University, NY, USA
EU Biorefinery Outlook to 2030
This European Commission study presents scenarios on how demand and supply for biobased chemicals and materials could grow in the years to 2030. It provides roadmaps with the actions required to increase the deployment of chemical- and material-driven biorefineries in the EU.
Richard Platt, Managing Consultant, E4tech, England