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WEF, 2010
The future of industrial biorefineries
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World Economic Forum
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Biorefineries have a major role to play in tackling climate change, according to this World Economic Forum report. The report, produced in collaboration with Royal DSM, Novozymes, DuPont and Braskem, says that the biorefineries industry could supplement demand for sustainable energy, chemicals and materials, aiding energy security. However, a number of obstacles still stand in the way of biorefineries realizing their full economic potential. The report identifies a number of technical, strategic and commercial challenges that need to be addressed before any large-scale commercialization of the biorefining industry can succeed. These include the need for significant advances in the development and deployment of bio-based technologies, infrastructure development, high capital costs and the issue of restricted land and biomass availability. The report concludes that the development of the bio-based economy is at an early and high-risk stage and no single industry, or company, is cable of managing this phase of its development independently. Government, therefore, has a key role to play in providing seed support – particularly at the pre-competitive stage – to the emerging bio-based sector and creating the market to ensure that it becomes established and successful as quickly as possible.
Added on 19 July 2010
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International
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