What is the Bioeconomy?

While more than 40 countries have some “bioeconomy” strategy, there is really no worldwide definition. The term “bioeconomy” actually has different meanings to different people and governments.  While most agree that the term includes things involving the substitution of biological resources for fossil fuels to produce electricity, fuels, and manufactured goods, the definitions (and thus the strategies) seem to vary depending on the countries’ technological capacity, its natural resource base, and its economic comparative advantage.  What we do know, however, is that the definition of a bioeconomy is an evolving term that continues to change over time.

There seem to be three factors that have contributed to a recent interest in this thing called the bioeconomy. First, the advances in biological sciences and biotechnology always give us the promise of some new and valuable commercial applications. Second, substituting exhaustible fossil fuels with renewable biological resources to produce electricity, fuel, and chemical-based manufactured products has become a priority – for many reasons, including rural economic development, energy self-reliance, and climate change mitigation. Third, genetic materials continue to increasingly serve as a source of materials for new commercial compounds.

For over 25 years, Lee Enterprises Consulting has been assisting companies and investors with issues relating to bioenergy, biofuels, biomaterials and chemicals, biotechnologies, and feedstocks.   With over 150 consultants, we have the diverse expertise and geographical reach to assist in virtually any bioeconomy project worldwide. These seasoned professionals average over 30 years of industry experience.  Our ability to assemble these professionals into multidisciplinary teams allows us to fully integrate the technical, scientific, and regulatory aspects of a project, and combine them with years of hands-on experience.

Take a look at our experts and the services we provide.  You will note that most of our experts are also available for ancillary engagements and advice, for specialty engagements like serving as expert witnesses in litigation matters.   Call us at 1+ (501) 833-8511 or email us for more information.