16 February 2011 17:54 [Source: ICIS news]
SAN DIEGO, California (ICIS)--The US biochemicals industry should broaden its focus beyond technology and seek out further opportunities for business investment, a manager with the US Department of Energy (DoE) said on Wednesday.
“Over here [in the technical room], it’s been packed,” he said. “But over there, there is plenty of room. I’d like to see that side packed as well.”
“I’d like to see you pull more people in, and persuade more people in the business world that this is a place to invest money,”
“People in government are beginning to understand that making fuel - and the price you have to sell fuel at to compete in the marketplace - is extraordinarily challenging,” he said.
“This [biochemicals] is getting us back into the natural order,” he added.
But in addition to government initiatives, the biochemicals industry must focus on innovative commercialisation strategies, he said.
“It can’t just be about the technology,”
The Bio-Based Chemicals Summit runs through Thursday.
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