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Tuesday, 20th July 2010

Report Predicts Biorefineries Will Offer a Solution to Significantly Reducing CO2 Emissions and Creating Economic Growth

Report Predicts Biorefineries Will Offer a Solution to Significantly Reducing CO2 Emissions and Creating Economic Growth
Source: World Economic Forum

Biorefineries have a major role to play in tackling climate change, according to the World Economic Forum report The Future of Industrial Biorefineries launched today. The report, produced in collaboration with Royal DSM N.V., Novozymes, DuPont and Braskem, says that the biorefineries industry could supplement demand for sustainable energy, chemicals and materials, aiding energy security. The report also acknowledges that a number of obstacles still stand in the way of biorefineries realizing their full economic potential.

The author of the report, Professor Sir David King, Director, Smith School for Enterprise and the Environment at the University of Oxford, says “The emerging biomass value chain will create significant business opportunities and new winners, with technology- and science-driven companies with access to key enzyme and microbial technologies being central to the development of the bio-based economy. The growth of the bio-based economy could create significant economic growth and job creation opportunities, particularly in rural areas, where incomes and economic prospects are currently moderate, and in advanced manufacturing.”

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