The Investor's Business Daily reports:
- Rising gas and oil prices are bad news for most Americans. But where many see gloom, the biotech industry sees opportunity.
"We are witnessing the creation of a new infrastructure based on biology, instead of older rust-belt technology and petroleum," said Brent Erickson, vice president of the Biotechnology Industry Organization. "What created this revolution is the convergence of information technology, biotech and nanotech."
A report released Thursday by the biotech trade group suggests that new industrial biotechnology tools can help reduce pollution and manufacturing costs across an array of industries. It discusses how, for example, new enzymes can be used instead of bleach to whiten paper pulp and how certain corn byproducts can be used to make plastics that don't contain petroleum and that are entirely biodegradable." More here.