U.S. BIO: the global economic value of the biobased economy is $355.28 billion

Sonny Perdue, Secretary of Agriculture

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.

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Tom Vilsack: “The bioeconomy is a catalyst for economic development in rural America”

Tom Vilsack, US Agriculture Secretary
Tom Vilsack, US Agriculture Secretary

Agriculture Secretary Tom Vilsack last Monday announced that the U.S. Department of Agriculture (USDA) is seeking applications for funding to help support the development of advanced biofuels, renewable chemicals and biobased products.
“The bioeconomy is a catalyst for economic development in rural America, creating new jobs and providing new markets for farmers and ranchers,” Vilsack said. “Investing in the businesses and technologies that support the production of biofuels and biobased products is not only good for farm incomes. The whole economy benefits from a more balanced, diversified and consumer-friendly energy portfolio, less dependence on foreign oil and reduced carbon emissions.”

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Obama Administration announces $21 million to strengthen the bioeconomy

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Tom Vilsack and Barack Obama

The bioeconomy in the United States of America takes another relevant step forward, investing not only in the development of bioproducts but also in education and training. The U.S. Department of Agriculture (USDA) yesterday announced the availability of $21 million to support the development of regional systems in sustainable bioenergy and biobased products, as well as education and training for the next generation of scientists that will expand availability of renewable, sustainable goods and energy. This funding is available through the Agriculture and Food Research Initiative (AFRI), authorized by the 2014 Farm Bill and administered by USDA’s National Institute of Food and Agriculture (NIFA).

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USDA announces: “More than 2,400 products are certified to use the BioPreferred label”

Tom Vilsack, US Agriculture Secretary
Tom Vilsack, US Agriculture Secretary

The U.S. Department of Agriculture has released a list of its 2015 top achievements. According to the department, these achievements demonstrate efforts to help farmers and ranchers build the American bioeconomy.

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The contribution of the bio-products industry to the U.S. economy in 2013 was $369 billion

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Tom Vilsack, US Agriculture Secretary

The productivity and innovation of U.S. agriculture is driving a transformation to bio-based products across the economy that is supporting millions of jobs and significantly displacing fossil fuels, according to a study from the U.S. Department of Agriculture on Wednesday.

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Reverdia earns the USDA Certified Biobased Product Label for its Biosuccinium

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Headquarter of Royal DSM in Heerlen (The Netherlands)

Reverdia, the joint venture between Royal DSM and Roquette Frères, has earned the USDA Certified Biobased Product Label for its Biosuccinium bio-succinic acid. The USDA Certified Biobased Product Label verifies that the product’s amount of renewable biobased ingredients meets or exceeds levels set by US Department of Agriculture.

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Vilsack, US Agriculture Secretary: $181 million to Develop Advanced Biofuels

Tom Vilsack, US Agriculture Secretary
Tom Vilsack, US Agriculture Secretary

Agriculture Secretary Tom Vilsack has announced the availability of 181 million US dollars to develop commercial-scale biorefineries or retrofit existing facilities with appropriate technology to develop advanced biofuels. The U.S. Department of Agriculture (USDA) remains focused on carrying out its mission, despite a time of significant budget uncertainty. Vilsack’s announcement is one part of the Department’s efforts to strengthen the rural economy.

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