The World Congress on Industrial Biotechnology & Bioprocessing
BERLIN AND TORONTO, May 5 /CNW/ - German industrial biotechnology is
driving the shift away from fossil fuels. Over EUR 1 billion went to
biotechnology R&D in Germany in 2010 and industry investments have
begun to bear fruit. The federal BioIndustrie 2021 initiative provides
over EUR 60 million to accelerate the commercialization of biotech
processes. Germany Trade & Invest has witnessed increased investor
interest in this nascent industry and will have representatives at this
year's World Congress on Industrial Biotechnology & Bioprocessing in
Toronto from May 8 - 11.
"Germany is at the forefront of biotechnology innovation and
implementation. With world-class businesses and very generous public
funding, companies here find optimal R&D and business conditions in one
of the world's top cleantech markets," states Dr. Thorsten Bug, Senior
Manager for Industrial Biotechnology at Germany Trade & Invest in
A key example of facilitating industry scale-up can be found in Leuna, a
chemical industry hotspot near Leipzig. Here the EUR 50 million
Fraunhofer Center for Chemical-Biotechnological Processes (CBP) is
under construction and slated to open next year. According to experts,
more than 20 companies and 15 research institutes and universities have
expressed an interest in the site, which closes the gap between pilot
plants and industrial implementation.
Both public initiatives and private companies are facilitating the
fundamental shift to biotechnology. German chemicals giant Lanxess, for
example, recently reaffirmed its commitment to biobased raw materials
by investing nearly EUR 12 million in US-based Gevo. The renewable
chemicals and biofuels company is developing a fermentation process to
make isobutanol from fermentable sugars in biomass, starting with corn.
This can later be used to produce isobutylene by dehydration, which
eliminates the dependency on crude oil in rubber production.
Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities
in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest