WASHINGTON--(BUSINESS WIRE)--Continuing to build advanced biofuels production capacity can create thousands of new jobs throughout the economy, contributing to U.S. economic growth and increasing energy security. The Biotechnology Industry Organization (BIO) today welcomed the release of a new report by Bio Economic Research Associates (bio-era™), U.S. Economic Impact of Advanced Biofuels Production: Perspectives to 2030, which analyzes how growth of an advanced biofuels industry will impact four areas critical to U.S. economic recovery, including job creation, economic output, energy security and investment opportunity.
Brent Erickson, executive vice president of BIO’s Industrial and Environmental Section, said, “The advanced biofuels industry could create 29,000 new jobs and create $5.5 billion in economic growth over the next three years, as companies continue to deploy the technology. As the advanced biofuels industry grows to the levels established in the Renewable Fuel Standard, it will create more than 800,000 new jobs throughout the economy. These new jobs will be in sectors of the economy that have experienced the highest rates of job losses over the past year, including agriculture and construction.”
The new study’s results include:
Direct job creation from advanced biofuels production could reach 29,000 by 2012, 94,000 by 2016, and 190,000 by 2022.
Total job creation, accounting for economic multiplier effects, could reach 123,000 in 2012, 383,000 in 2016, and 807,000 by 2022.
Direct economic output from the advanced biofuels industry is estimated to rise to $5.5 billion in 2012, $17.4 billion in 2016, and $37 billion by 2022.
Taking into consideration the indirect and induced economic effects, the total economic output effect for the U.S. economy is estimated to be $20.2 billion in 2012, $64.2 billion in 2016, and $148.7 billion in 2022.
Advanced biofuels production under the RFS could reduce U.S. petroleum imports by approximately $5.5 billion in 2012, $23 billion in 2016, and nearly $70 billion by 2022.
The cumulative total of avoided petroleum imports over the period 2010–2022 would exceed $350 billion.
Erickson continued, “Increasing advanced biofuel production to a modest target of 45 billion gallons by 2030, which can be achieved by maintaining the same pace of technology development, could create more than 400,000 jobs within the industry and 1.9 million new jobs throughout the economy. Further, it could provide an economic boost of $300 billion. Continued federal support can help the industry quicken the development of the necessary technology and weather the risk of oil price volatility.
“The biotechnology and advanced biofuels industry is working to make commercial production of cellulosic biofuels a reality in the near future. There are more than 30 existing and planned cellulosic biorefineries set to begin production of advanced biofuels within the next few years. Many other projects and promising technologies are on the drawing board. These pioneer cellulosic biofuel facilities will prove that the technology works and that the industry can meet and exceed the goals established in the Renewable Fuel Standard. As oil prices rise, the need for domestically produced advanced biofuels should remain a priority for U.S. policymakers and consumers.”
A map of these cellulosic biofuel facilities is available on the web at http://biofuelsandclimate.wordpress.com/about/.
The Advanced Biofuels & Climate Change Information Center presents the latest commentary and data on the environmental, greenhouse gas and other impacts of biofuel production. Drop in and add your comments, at http://biofuelsandclimate.wordpress.com/.
BIO represents more than 1,200 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
Upcoming BIO Events
BIO-Europe Spring March 16-18, 2009Milan, Italy
BIO IP Counsels' Committee Conference March 25–27, 2009Phoenix, AZ
BIO National Venture Conference March 31–April 1, 2009Boston, MA
BIO Windhover 2009 April 13-15, 2009New York, New York
BIO-LES Business Development Basics Course May 15–17, 2009Atlanta, GA
BIO-LES Advanced Business Development Course May 15–17, 2009Atlanta, GA
BIO Executive Presentation Workshop May 17, 2009Atlanta, GA
2009 BIO International Convention May 18-21, 2009Atlanta, GA
BioEquity Europe June 9-10, 2009Munich, Germany
World Congress on Industrial Biotechnology & Bioprocessing July 19-22, 2009Montreal, Quebec, Canada
Showing posts with label Biofuel. Show all posts
Showing posts with label Biofuel. Show all posts
Wednesday, February 25, 2009
Thursday, January 17, 2008
Britain Reports Set Brazil's Ethanol Apart
SAO PAULO, Brazil, Jan. 16 /PRNewswire/ -- An important step in the
right direction. That is how Brazil's Sugarcane Industry Association
(UNICA) assesses the report "Sustainable Biofuels: Prospects and
Challenges", released by Britain's Royal Society on January 14, 2008. The
report's key conclusions are that each biofuel must be evaluated on its own
merits and governments should ensure their policies promote only the
sustainable production and use of biofuels that result in meaningful
emissions reduction.
According to UNICA President and CEO Marcos Jank, the Royal Academy's
conclusion should go a long way to clarify misleading and incomplete
information that often surfaces when Brazilian ethanol, produced from
sugarcane, is lumped together with less efficient biofuels produced from
non-sustainable sources.
"Biofuels can be produced from various feedstocks, and they are not all
the same," Jank says, emphasizing that ethanol from sugarcane produced in
Brazil is widely recognized as the most efficient in terms of reduced
greenhouse gas emissions, improved energy balance and lower production
costs.
"Studies produced in various countries frequently consider biofuels as
if they were somehow equals that one can compare. Unfortunately, some
studies arrive at broad conclusions without recognizing the profound
differences that exist among different biofuels. These generalizations are
often the basis for misleading assessments about Brazilian sugarcane
ethanol."
The Royal Society report highlights the importance of continued
independent research for a complete picture about the sustainability of
different types of biofuels. "The sugar and ethanol industry in Brazil is
ready to cooperate with these efforts. We find it essential that quality
analyses and unbiased comparisons continue to be produced and
disseminated," concludes Jank.
The British report comes at a defining moment for the future of
biofuels in Europe as a new directive governing the use of renewable energy
is expected to be issued on January 23. Once the directive is approved by
the European Parliament in coming months, it will lead to the
implementation of the decision reached by the heads of government of EU
member states requiring a 10% biofuel target for transportation fuels by
2020.
"We are optimistic that Europe will not only implement the 10% biofuel
mix, but to also adopt biofuel certification mechanisms that come from a
transparent consultative process that involves all interested parties,
including the world's major producers," says Jank.
About UNICA:
Brazil's Sugarcane Industry Association (UNICA) represents the top
producers of sugar and ethanol in the country's South-Central region,
especially the state of Sao Paulo, which accounts for 60% of the country's
total production. Along with its 101 member companies, UNICA develops
position papers, statistics and specific research in support of the sugar
and ethanol sector. Its membership accounts for about 50% of Brazil's
sugarcane harvest. In 2007, Brazil produced 425 million metric tons of
sugarcane, which yielded 29.8 million tons of sugar and 17.7 billion liters
of ethanol.
right direction. That is how Brazil's Sugarcane Industry Association
(UNICA) assesses the report "Sustainable Biofuels: Prospects and
Challenges", released by Britain's Royal Society on January 14, 2008. The
report's key conclusions are that each biofuel must be evaluated on its own
merits and governments should ensure their policies promote only the
sustainable production and use of biofuels that result in meaningful
emissions reduction.
According to UNICA President and CEO Marcos Jank, the Royal Academy's
conclusion should go a long way to clarify misleading and incomplete
information that often surfaces when Brazilian ethanol, produced from
sugarcane, is lumped together with less efficient biofuels produced from
non-sustainable sources.
"Biofuels can be produced from various feedstocks, and they are not all
the same," Jank says, emphasizing that ethanol from sugarcane produced in
Brazil is widely recognized as the most efficient in terms of reduced
greenhouse gas emissions, improved energy balance and lower production
costs.
"Studies produced in various countries frequently consider biofuels as
if they were somehow equals that one can compare. Unfortunately, some
studies arrive at broad conclusions without recognizing the profound
differences that exist among different biofuels. These generalizations are
often the basis for misleading assessments about Brazilian sugarcane
ethanol."
The Royal Society report highlights the importance of continued
independent research for a complete picture about the sustainability of
different types of biofuels. "The sugar and ethanol industry in Brazil is
ready to cooperate with these efforts. We find it essential that quality
analyses and unbiased comparisons continue to be produced and
disseminated," concludes Jank.
The British report comes at a defining moment for the future of
biofuels in Europe as a new directive governing the use of renewable energy
is expected to be issued on January 23. Once the directive is approved by
the European Parliament in coming months, it will lead to the
implementation of the decision reached by the heads of government of EU
member states requiring a 10% biofuel target for transportation fuels by
2020.
"We are optimistic that Europe will not only implement the 10% biofuel
mix, but to also adopt biofuel certification mechanisms that come from a
transparent consultative process that involves all interested parties,
including the world's major producers," says Jank.
About UNICA:
Brazil's Sugarcane Industry Association (UNICA) represents the top
producers of sugar and ethanol in the country's South-Central region,
especially the state of Sao Paulo, which accounts for 60% of the country's
total production. Along with its 101 member companies, UNICA develops
position papers, statistics and specific research in support of the sugar
and ethanol sector. Its membership accounts for about 50% of Brazil's
sugarcane harvest. In 2007, Brazil produced 425 million metric tons of
sugarcane, which yielded 29.8 million tons of sugar and 17.7 billion liters
of ethanol.
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