Video of Plenary Sessions from BIO's World Congress

Biofuels & Climate Change

BIO’s World Congress on Industrial Biotechnology held 6 plenary sessions, featuring Agriculture Secretary Tom Vilsack and DOE Asst. Secretary Cathy Zoi. Additionally, a World Economic Forum report on the Future of Industrial Biorefineries, detailing the potential economic contribution that industrial biotechnology can make, was presented by Novozymes CEO Steen Riisgaard. And a survey of the industrial biotech and advanced biofuel industry by McKinsey & Co. took the pulse of executives in the industry.

In the June 28 plenary session, DOE Asst. Sec. Zoi announces funding totaling $24 million for three algae biofuel research consortia.
[youtube=http://www.youtube.com/watch?v=5KSuqqh_hdE]

During the June 29 plenary session, Ag. Sec. Vilsack indicated that the Obama administration supports biofuel development as a means of boosting rural employment and economic development.
[youtube=http://www.youtube.com/watch?v=rKtWOZ5R07c]

Novozymes CEO Riisgaard followed Vilsack, saying that “converting biomass into fuels, energy, and chemicals has the potential to generate upwards of $230 billion to the global economy by 2020.”
[youtube=http://www.youtube.com/watch?v=Q935rd19dsc]

Earlier that day, McKinsey & Co.’s Raoul Oberman presented the findings of a survey of the industry, including that more than half of respondents said there is currently insufficient capital to support growth of the industry.
[youtube=http://www.youtube.com/watch?v=IHgRrrmKjsQ]

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One Response to Video of Plenary Sessions from BIO's World Congress

  1. New Technology goes through three stages:
    First it is ridiculed by those ignorant of its potential
    Next, it is subverted by those threatened by its potential
    Finally, it is considered self-evident.
    This article is in response to an Oil Drum article linked below.
    Take a look at the article to get a good understanding on how I shaped my response.
        http://www.theoildrum.com/node/5440
    The Oil Drum article may have been relevant when published back in may of 2009 but many of these limitations have and will be overcome by advances in technology, along with increases in private and public investments.  With global investment in carbon capturing in the billions, the race has been set to see which companies can emerge as technology leaders.  The companies that do succeed will only realize success when they integrate their technologies with one another to create a superior technology.  These integrations will help push the industry forward and eventually will create a paradigm shift in carbon capturing. 
    The scenario for success I just explained, closely resembles Origin Oil and MBD Energy’s current relationship.  Many are ignorant and threatened by the potential of capturing carbon to produce biofuel, they simply say “It can not be done.”   Step one and two regarding phases of new technology complete.  The oil drum article vaguely communicated to readers the failure of Green Fuel and with Green Fuel’s failure tried to subvert their audience into believing if one fails, they all fail!  This notion that if one fails all fails holds very little weight.  Present day knowledge and opportunities to turn carbon into a viable fuel source has become self evident.  
    When a technology becomes self evident it has reached it’s final stage, commercialization.  This stage has been evolving the past year with major R&D projects being funded by the largest publicly traded oil companies in the world.  Bp, Shell, Royal Dutch and the biggest investor of them all Exxon Mobil are all in the race.  The big boys now consider these technologies self evident and see the need to invest in order to secure their competitive advantage amongst one another.  It is only a matter of time before we see the first industrial scale carbon capturing plant that can produce algae as a biofuel.  In my opinion MBD Energy and Origin Oil, through the integration of their technologies, will be the first to achieve this amazing feat.
    Origin Oil’s market strategy is unique because they look to integrate their technologies with other thriving companies to establish a competitive advantage.  They were voted by BiofuelDigest.com top 30 most transformative technologies in 2010. Their  portfolio consisting of 10 patent pending technologies are crucial to their success and are regarded to as industry game changers. CEO Riggs Eckleberry and CTO Dr. Brian Goodall combine for over 50 years of networking and industry experience. Origin Oil’s ability to create synergy between them selves and existing biofuel companies by integrating technologies will serve them well in the long run. This unique market entry strategy will drive their industry growth and will enable them to become industry leaders in technology innovation and integration.
    Origin Oil is a publicly traded company trading under the symbol (ooil)       

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