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Industrial Biotechnology & the U.S. Chemical & Biofuel Industries - Industrial Biotechnology & the U.S. Chemical & Biofuel Industries (Hardcover)
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Industrial Biotechnology & the U.S. Chemical & Biofuel Industries - Industrial Biotechnology & the U.S. Chemical & Biofuel Industries (Hardcover)
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The Committee on Finance of the United States Senate requested the
Commission to examine the competitive conditions affecting certain
industries that are developing and adopting new industrial
biotechnology (IB) processes and products. IB was defined as the
manufacture of liquid fuel and chemical products using enzymes,
micro-organisms, or renewable resources. The application of IB can
improve the efficiency of the industries and lead to the
development of new products. Thus, this book focuses on U.S. liquid
biofuel producers and firms in the U.S. chemical industry. An
analysis of the current impact of IB on the U.S. economy is also
provided. Industrial biotechnology (IB) activities in the U.S. by
the chemical and liquid fuel industries increased substantially
during the 2004-2007 period. Sales of U.S. produced bio-based
products, for example, increased by over 30% during the period. As
discussed in this book, much of this growth is accounted for by the
ethanol and biodiesel industries, which are strongly supported by
government tax incentives or mandatory use regulations, or both.
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