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The USDA expects growth "bio-economy"
The Bioeconomy provides millions of jobs and significantly replace the use of fossil fuels
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Productivity and innovation in agriculture in the United States are driving the transition to products based on biotechnology within the economy, which provides millions of jobs and significantly replace the use of fossil fuels, according to a study from the Ministry of agriculture of the USA.

You must consider that not only fuel and energy, but also chemicals, enzymes, bioplastics and wood products represent amazing opportunities, said Minister of agriculture of the USA That Vilsack in an interview. These options can really fundamentally change the American economy and lead to balance.

Report on the analysis of the economic impact of the biotechnology industry was authorized by the USDA under the Federal law on agriculture and representative of experts from Duke University and North Carolina state University. The study covers the Bioeconomy or processes based on the use of renewable resources of plants and animals for food, fuel and other materials.

The most important aspect of the Bioeconomy is a biofuel, such as based on corn ethanol, which has rapidly expanded with the government's support in the past decade.

But the report largely excludes energy, food, livestock and pharmaceuticals, to illustrate lesser-known sectors such as bioplastics, biochemicals, forestry and textiles.

The total contribution of the industry of biotechnology products in the American economy in 2013 amounted to $369 billion with employment of four million workers, according to the report.

The report includes case studies from companies including Ford, John Deere, Penford, Novozymes, Coca-Cola , DuPont and Patagonia.

The Ministry of agriculture reported that it has about 20000 products derived from biological raw materials, in its BioPreferred database and this number is growing almost daily.

From the perspective of dollar value of products sold direct sale of bio-products in 2013 amounted to nearly $126 billion, as the study showed, another $126 billion came from indirect sales.

According to the report, the use of bio-based products currently replaces approximately 300 million gallons of gasoline per year, equivalent to removing 200 000 cars off the road.

 

 

 

 



Translated by the service "Yandex.Translation"
Источники: Agro2b
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