{"id":85129,"date":"2021-02-17T07:29:22","date_gmt":"2021-02-17T06:29:22","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=85129"},"modified":"2021-02-12T13:47:58","modified_gmt":"2021-02-12T12:47:58","slug":"scottish-industrial-biotechnology-community-hits-combined-turnover-milestone","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/scottish-industrial-biotechnology-community-hits-combined-turnover-milestone\/","title":{"rendered":"Scottish industrial biotechnology community hits combined turnover milestone"},"content":{"rendered":"

Scotland\u2019s industrial biotechnology companies are exceeding growth expectations and now deliver combined revenues of nearly \u00a3750 million, according to figures that will be announced at the Industrial Biotechnology Innovation Centre\u2019s (IBioIC) annual conference.<\/strong><\/p>\n

New analysis from\u00a0IBioIC\u00a0has found that businesses active in industrial biotechnology accounted for \u00a3747 million in turnover last year, increasing from \u00a3189 million in 2012.<\/p>\n

The figure places the 130 companies \u2013 up from 24 in 2012 \u2013 ahead of a target of reaching \u00a3900 million by the end of 2025, set out in 2013\u2019s\u00a0National Plan for Industrial Biotechnology. Projections made for the strategy had set an ambition of reaching \u00a3400 million by 2020.<\/p>\n

Industrial biotechnology is a set of technologies that will underpin Scotland\u2019s \u2013 and the world\u2019s \u2013 transition towards a \u2018bioeconomy\u2019, creating materials and goods that have traditionally been made from oil products \u2013 such as plastics \u2013 with natural ingredients, maximising re-use and minimising waste in the process.<\/p>\n

Ivan McKee MSP, the Minister for Trade, Innovation and Public Finance, will share the update on progress of Scotland\u2019s industrial biotechnology strategy during\u00a0IBioIC\u2019s\u00a0annual conference on February 10th\u00a0and 11th. Hundreds of attendees from across the world will gather online to discuss how technology can support the delivery of net-zero carbon targets and a sustainable recovery from Covid-19.<\/p>\n

Free to attend for the first time,\u00a0IBioIC\u2019s\u00a0annual conference will feature a range of speakers including Lord Deben, chairman of the Committee on Climate Change; Steve Bagshaw CBE, non-executive chairman of Fujifilm Diosynth Biotechnologies; Dr Jen\u00a0Vanderhoven, director of the National Horizons Centre<\/a>; and Professor Mercedes Maroto-Valer, director of the Research Centre for Carbon Solutions at Heriot-Watt University.<\/p>\n

Mark Bustard, chief executive of\u00a0IBioIC, said: \u201cIndustrial biotechnology will be a key part of how we transition economies across the world to low carbon. There has been a great deal of discussion about building back greener and better from Covid-19 and the processes and technologies that are emerging from\u00a0biotechnology-using businesses and academia\u00a0will be critical as we move away from the old ways of\u00a0making essential products, towards a greener, more efficient manufacturing base that minimises its impact on the environment.<\/p>\n

\u201cScotland\u2019s IB community has made tremendous progress over the past eight or so years, expanding rapidly and, in many ways,\u00a0becoming a great place to develop such sustainable products and processes. The figures announced today are proof that we are moving in the right direction and developments such as Celtic Renewables\u2019 biorefinery at Grangemouth, for example, will only accelerate that progress even more.<\/p>\n

\u201cHowever, there is still a significant amount of work to do in order to deliver the ambitions set out in the National Plan for Industrial Biotechnology. It is incumbent on us all to support the delivery of a thriving bioeconomy that will help combat climate change and communicate the important role that new technology and ways of manufacturing have to play in that process.\u201d<\/p>\n

Trade and Innovation Minister Ivan McKee said:\u00a0\u201cI am delighted at the progress Scotland has made towards realising the ambitions set out in the National Plan for Industrial Biotechnology. Scotland is emerging as a major player in industrial biotechnology largely due to collaboration between industry, academia and government facilitated through\u00a0IBioIC.<\/p>\n

\u201cThe turnover figure announced by\u00a0IBioIC\u00a0is not only a milestone towards achieving our target of \u00a3900 million by 2025, but a demonstration of how industrial biotechnology\u00a0can have a significant commercial impact and contribute to Scotland\u2019s transition\u00a0to a net zero emissions economy.<\/p>\n

\u201cI am pleased to once again be speaking at the\u00a0IBioIC\u00a0annual conference, where I will reflect on some of the many recent successes of our biotechnology community and share my thoughts on how industrial biotechnology will help us achieve net zero by 2045.\u201d<\/p>\n

Steve Bagshaw CBE said:\u00a0\u201cI am really looking forward to what is now one of the highlights in the UK biotechnology calendar. This year of all years we have so much to learn from our biotechnology community\u2019s achievements in vaccines and look urgently at how we transpose them into the successful, rapid scale-up and commercialisation of the many wide-ranging renewable and net zero solutions we are working on.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Scotland\u2019s industrial biotechnology companies are exceeding growth expectations and now deliver combined revenues of nearly \u00a3750 million, according to figures that will be announced at the Industrial Biotechnology Innovation Centre\u2019s (IBioIC) annual conference. New analysis from\u00a0IBioIC\u00a0has found that businesses active in industrial biotechnology accounted for \u00a3747 million in turnover last year, increasing from \u00a3189 million […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5838,5796],"supplier":[3182,18167,10205,6780,18168,10110],"class_list":["post-85129","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-biotechnology","supplier-celtic-renewables","supplier-climate-change-committee-ccc","supplier-heriot-watt-university-edinburgh","supplier-biotechnology-innovation-centre","supplier-minister-for-trade-innovation-and-public-finance","supplier-teesside-university"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/85129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=85129"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/85129\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=85129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=85129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=85129"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=85129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}