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Steen Riisgaard, president of Novozymes, a biotechnology innovation leader, announced the latest research report of the World Economic Forum to participants at the Global Biotechnology Conference held in Washington, USA, on June 27-30. in conclusion. The report, entitled The Future of the Biorefinery Industry, predicts that by 2020, the global scale of the biorefinery industry, which converts biomass into fuel, energy, and chemicals, is expected to reach US$230 billion.
Lisgaard said that with social and economic development, humankind is in urgent need of an energy alternative that is low in cost but not harmful to the environment. In the future, cars, trucks and even airplanes will all use biomass-derived low-carbon fuels that ensure sustainable development. At the same time, plastics and chemicals will also be made from plants instead of oil. By then, the bio-refinery industry will generate enormous economic benefits and will create more than 800,000 new jobs for the society.
The report said that at present, the global bio-refinery industry is still only in an early stage of development, but governments and business leaders in various countries have realized the future development potential of the bio-refinery industry. By 2020, only the biofuel market will grow to more than three times its current size, and global sales will reach 95 billion U.S. dollars; the biomass industry's demand for biomass will also be expected to exceed 2 times; the output value of bio-based products will reach More than US$15 billion; the variety and production of bio-based chemicals will increase significantly, accounting for a total share of chemicals of 9%; the total amount of biomass produced from crops will reach US$90 billion, which represents the greatest potential in the value chain. Business.
Lithgard emphasized that the United States has become the world leader in the development of bio-refining technology. According to relevant data provided by biotechnology industry organizations, the current bio-refinery industry in the United States has created more than 40,000 jobs in the country. It is estimated that by 2022, the commercialization of cellulose biofuels will create 800,000 new jobs in the United States alone, including 190,000 new direct jobs and 610,000 indirect new jobs. Although the United States has taken the lead in the development of the bio-refinery industry, this race has only just begun. Do not take it for granted that the United States has a comprehensive competitive advantage. If the United States wants to truly advance in the development of new clean technologies, it must continue to make progress. At the same time, the U.S. Congress, the Department of Energy, and the Ministry of Agriculture must ensure that the U.S. has a consistent and comprehensive development strategy in the biorefinery industry.
Lisgaard said that with social and economic development, humankind is in urgent need of an energy alternative that is low in cost but not harmful to the environment. In the future, cars, trucks and even airplanes will all use biomass-derived low-carbon fuels that ensure sustainable development. At the same time, plastics and chemicals will also be made from plants instead of oil. By then, the bio-refinery industry will generate enormous economic benefits and will create more than 800,000 new jobs for the society.
The report said that at present, the global bio-refinery industry is still only in an early stage of development, but governments and business leaders in various countries have realized the future development potential of the bio-refinery industry. By 2020, only the biofuel market will grow to more than three times its current size, and global sales will reach 95 billion U.S. dollars; the biomass industry's demand for biomass will also be expected to exceed 2 times; the output value of bio-based products will reach More than US$15 billion; the variety and production of bio-based chemicals will increase significantly, accounting for a total share of chemicals of 9%; the total amount of biomass produced from crops will reach US$90 billion, which represents the greatest potential in the value chain. Business.
Lithgard emphasized that the United States has become the world leader in the development of bio-refining technology. According to relevant data provided by biotechnology industry organizations, the current bio-refinery industry in the United States has created more than 40,000 jobs in the country. It is estimated that by 2022, the commercialization of cellulose biofuels will create 800,000 new jobs in the United States alone, including 190,000 new direct jobs and 610,000 indirect new jobs. Although the United States has taken the lead in the development of the bio-refinery industry, this race has only just begun. Do not take it for granted that the United States has a comprehensive competitive advantage. If the United States wants to truly advance in the development of new clean technologies, it must continue to make progress. At the same time, the U.S. Congress, the Department of Energy, and the Ministry of Agriculture must ensure that the U.S. has a consistent and comprehensive development strategy in the biorefinery industry.
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