Nine partners, under the consortial leadership of German chemical giant Basf, will collaborate to develop cost and energy-efficient technologies for water purification, removal and product-recovery needed to support downstream processing in white biotechnology. This consortium of companies in the European process industry from the areas of biotechnology, renewable resources, chemistry, process engineering, equipment supply as well as research organizations recently launched project PRODIAS (PROcessing Diluted Aqueous Systems). The project focuses on unlocking the potential of renewable-based products made via white biotechnology, by significantly decreasing production costs, increasing productivity and efficiency, lowering energy consumption, and accelerating process developments.
I want to tell you why I believe energy efficiency is so important. Yes of course it is a vital part of how we cut carbon emissions and continue to meet the ambitious targets set out in the Climate Change Act, which will allow us to meet growing energy demand in a way that protects the environment for our children, grandchildren and generations to come. Of course that is important, but my argument today is not just about doing what is right for our planet, but doing what is right for our economy too.