23 April 2013 00:17 [Source: ICIS news]
CHICAGO (ICIS)--Population growth in Asia, climate change and shifting geopolitics are all issues that will impact the future of the biotechnology and renewable fuels industry, an executive at a life sciences investment firm said on Monday.
“It is important to focus our efforts, focus investments, focus our organisation and therefore, drive economic growth in the development of the new industry,” said Roger Wyse, president of biogreentech at Burrill & Co. He made his comments at the Bio International Convention.
The middle class in the Asian-Pacific region is growing, and it is expected to be five times larger than the middle class in Europe and 10 times larger than the middle class in the US, Wyse said.
“So if you think about the expansion in the global economy and the demand that is going to put on us to provide that in what they expect in terms nutrition and energy, it puts a tremendous strain on our global economy and our ability to produce renewable fuels,” he said.
Wyse added that other global trends included climate change, as well as the shifting of geopolitics as the balance of power moves between the east and west.
“As that plays out, we’re going to have demands on our natural resource base to increase productivity to meet those demands,” Wyse said.
“Therefore, long-term investments that address these ideas of food security, energy security, climate change and rural economic development – and to address all of those in a manner that does minimise the impact on the environment and does improve the sustainability of our production system – are really paramount for future development,” he added.
The Bio International Convention runs from Monday through Wednesday.
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