News International Sugar Journal

Biobased products sector needs wide ranging support to compete with petrochemicals sector [Registered]

Biobased products sector has been acknowledged to be the neglected step-child of industrial biotech. Witness the level of subsidies enjoyed by the sector compared with the biofuels sector. Whereas the market for biofuels is extensive, that for biobased products is collection of niche markets. In their recently published report, “Turning plants to products”, the Milken Institute highlights the challenges, barriers, obstacles impacting the expansion of the sector and support initiatives that need to be in place to give the industry the necessary boost. There is little doubt that advances in industrial biotechnology have opened up significant opportunities to support the…

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