UK Business Secretary Greg Clark published last Monday the UK government’s modern Industrial Strategy, with a plan to boost productivity and the earning power of people and businesses throughout Northern Ireland and the whole of the UK. But Vivergo Fuels, the UK’s largest producer of bioethanol doesn’t like this strategy.
Mossi Ghisolfi is for sale. According to different rumors in Italy, Versalis, the chemical division of the oil giant Eni, and various European (such as the French oil colossus Total) and Asian industrial groups would be interested in acquiring the Italian chemical company which is one of the world’s largest PET manufacturer with a capacity of nearly 1.6 million tonnes per year and plants in Brazil, Mexico and the United States.
Genomatica published the results of a major survey of sustainability issues in the mainstream chemical industry. The survey was conducted together with ICIS, the world’s largest petrochemical market information provider. The survey, fourth in a series they have conducted since 2009, revealed substantial advances for sustainability and renewable chemicals in general, for chemical producers, users (companies making products from basic and intermediate chemicals) and distributors.
“There would be a mainstreaming of the development of the bioeconomy over the next year, and its embedding in other policies. Bioeconomy can reach parts of society and economy that other policies can’t reach”. To say this was John Bell, Director for Bioeconomy at DG Research and Innovation, at the ThinkForest seminar which took place in Brussels last 7 November.
Yesterday in Brussels was the Bioeconomy Policy day, a day dedicated not only to announce the outcomes of the review on the bioeconomy strategy presented in a Staff Working Document, but also to discuss how to move the bioeconomy forward. The EU Bioeconomy Stakeholders Panel launched the European Bioeconomy Manifesto to set out how the continent plans to grow this mult-trillion euro industry.
“Growing the Irish Forest Bioeconomy”. This is the title of a report launched by the minister of State at the Department of Agriculture, Food and the Marine, Andrew Doyle T.D. The report, produced by the Council for Forest Research and Development (COFORD), on the contribution and potential of the forest sector in the emerging Irish Bioeconomy has been submitted to the Department of An Taoiseach (taoiseach means leader and is the prime minister of Ireland). This is part of the on-going process to develop a Government Policy Statement on the Irish Bioeconomy.
The output of China’s biological industry is expected to reach 10 trillion yuan (1.5 trillion U.S. dollars) in 2022. The compound annual growth rate of the bio-industry in China has been over 15 percent since 2011, according to a white paper on the industry jointly released by Tianjin Institute of Industrial Biotechnology and Chengdu Library and Information Center, both affiliated with Chinese Academy of Sciences.
We receive and publish with pleasure this contribution sent by professor Olli Dahl (Aalto University, Finland), who presents a list of all the main investments and their products in Finnish bioeconomy, and considers whether the country’s forest resources can cope with so much new potential capacity in the forest industry sector.
“The Ipo (Initial public offering, editor’s note) of Versalis is not yet in Eni’s plans”, Massimo Mondazzi, CFO of the Italian oil giant, said last Friday during a conference call with analysts answering the question about the chemical quotation hypothesis. “We want to maintain and strengthen Versalis, there are no Ipo projects. The option is not in the plans,” he said.
“We simply have no choice. We have to massively scale up bioenergy, and do it fast”, said Paolo Frankl, Head of the Renewable Energy Division at the International Energy Agency (IEA). “Sustainable bioenergy is an indispensable component of the necessary portfolio of low-carbon technologies in ALL climate-change mitigation scenarios”, said Frankl, based on the findings of a key upcoming report on the matter. “And there is a major, major gap between what we need and what is happening today in terms of the speed of deployment and the scale of investments in bioenergy”. The declarations were made as part of the Biofuture Summit, the first major conference of the Biofuture Platform, a coalition of twenty country governments, industry and the research community launched in November 2016 during UNFCCC COP23 in Marrakesh, aimed at the development of a modern, sustainable, low-carbon bioeconomy.
IL BIOECONOMISTA 