The USDA has released a new report of great interest to individuals nad businesses interested in growing a sustainable bioeconomy. The report, An Economic Impact Analysis of the U.S. Biobased Products Industry A Report to the Congress of the United States of America was prepared for the U. S. Department of Agriculture (USDA) BioPreferred® program and the US Congress. Click here for the full text. More information is available here.
The report is a follow-up to the October 2014 report, Why Biobased? Opportunities in the Emerging Bioeconomy prepared for USDA.
The report seeks to answer the six following important questions regarding the contributions of the biobased products industry in the US:
(i) the quantity of biobased products sold;
(ii) the value of the biobased products;
(iii) the quantity of jobs created;
(iv) the quantity of petroleum displaced;
(v) other environmental benefits; and
(vi) areas in which the use or manufacturing of biobased products could be more effectively used, including identifying any technical and economic obstacles and recommending how those obstacles can be