Video of Plenary Sessions from BIO’s World Congress

BIO’s World Congress on Industrial Biotechnology held 6 plenary sessions, featuring Agriculture Secretary Tom Vilsack and DOE Asst. Secretary Cathy Zoi. Additionally, a World Economic Forum report on the Future of Industrial Biorefineries, detailing the potential economic contribution that industrial biotechnology can make, was presented by Novozymes CEO Steen Riisgaard. And a survey of the industrial biotech and advanced biofuel industry by McKinsey & Co. took the pulse of executives in the industry.

In the June 28 plenary session, DOE Asst. Sec. Zoi announces funding totaling $24 million for three algae biofuel research consortia.

During the June 29 plenary session, Ag. Sec. Vilsack indicated that the Obama administration supports biofuel development as a means of boosting rural employment and economic development.

Novozymes CEO Riisgaard followed Vilsack, saying that “converting biomass into fuels, energy, and chemicals has the potential to generate upwards of $230 billion to the global economy by 2020.”

Earlier that day, McKinsey & Co.’s Raoul Oberman presented the findings of a survey of the industry, including that more than half of respondents said there is currently insufficient capital to support growth of the industry.

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Seen at the Washington Auto Show: Advanced Fuel Cars

Novozymes today offered members of the media, government officials, VIPs and other attendees of the annual Washington Auto Show a chance to test drive of Chevy HHR powered (literally) by government waste. The fuel used in the car was produced from government office wastepaper and waste cardboard by Fiberight. Novozymes President Adam Monroe previewed the effort on Clean Skies TV.

Also at the show, auto parts maker Ricardo Inc. is displaying a GMC Sierra 3500HD pickup that has been optimized to run on a 30% to 50% blend of ethanol. According to one report, the car heavy duty truck is expected to maintain power while cutting engine size and improving fuel economy by 30%.