Fla., April 20 /PRNewswire/ -- "Nearly everyone
believes the days of cheap oil are over, and that
sooner rather than later we will need a cost- effective,
environmentally prudent replacement -- biofuels are
one of the few options available today," said
Paul Roberts, author of "The End of Oil: On the
Edge of a Perilous New World," speaking at the
opening lunch of the World Congress on Industrial
Biotechnology and Bioprocessing in Orlando, Fla. The
conference is hosted by the Biotechnology Industry
Organization (BIO), the American Chemical Society,
and the National Agricultural Biotechnology Council,
at the Walt Disney World Swan and Dolphin Hotel.
Roberts noted that the political, economic and geological
conditions that allowed for decades of $20-per-barrel
oil are fast disappearing. "Only three years
ago, $50-per-barrel oil seemed like a bad dream. But
we can say that oil prices will be higher, and that
we will need a cost-effective and environmentally
BIO President Jim Greenwood, who also serves on the
Steering Committee of the Energy Future Coalition,
said, "Biotech companies have developed a new
way to make ethanol from agriculture crop wastes like
wheat straw and corn stalks, and this could allow
us to produce billions of gallons of transportation
fuel, if the federal government does more to help
spur investment in this technology."
Biobased fuels are one of several tracks being discussed
at the second annual World Congress, where this year's
registered attendance of 625 surpasses last year's
attendance by 50 percent, according to Brent Erickson,
Vice President of BIO's Industrial and Environmental
Section. Other tracks will cover biological fuel cells,
personal care and cosmetics, the nanotechnology-biotechnology
interface, and marine biotechnology. "The evidence
is clear: industrial biotechnology's role in energy
production and manufacturing is on the upswing, another
example of new solutions coming from biotech innovations,"
Erickson said. More than 250 companies from the United
States and 27 foreign countries are attending.
The entire conference program and schedule can be
viewed online at http://www.bio.org/worldcongress/programs/.
The list of companies registered to attend the event
can be viewed at http://www.bio.org/worldcongress/companies/index.asp.
BIO represents more than 1,000 biotechnology companies,
academic institutions, state biotechnology centers
and related organizations in all 50 U.S. states and
33 other nations. BIO members are involved in the
research and development of health-care, agricultural,
industrial and environmental biotechnology products.
Source: Biotechnology Industry Organization
CONTACT: Paul Winters of BIO,
Web site: http://www.bio.org/