The U.S. Department of Agriculture (USDA) released a new report on the bioeconomy, “Indicators of the U.S. Biobased Economy”, which measures substantial economic growth, job creation, and household income for the agricultural sector from biofuel and bioenergy production. Moreover, it indicates great potential for additional prosperity from future growth in renewable chemicals and biobased products. BIO, the U.S. Biotechnology Innovation Organization, calculates that the global economic value of the biobased economy – including industrial biotechnology, renewable chemicals and polymers, biofuels, enzymes and biobased materials – is $355.28 billion.
Bio-on launched a brand-new line of cosmetic ingredients for sun protection made from its 100% natural and biodegradable bioplastic. The new products are part of the minerv bio cosmetics family of bioplastic micro powders presented in Spring 2017 and designed for cosmetics that respect the environment and human health.
British multinational company Croda International Plc, specialized in the field of speciality chemicals for some of the biggest, most successful brands in the world, acquired Nautilus Biosciences Canada Inc, a technology-rich marine biotechnology company based in Charlottetown, Prince Edward Island, Canada.
