Industrial biotechnology news
Bioscience, at the heart of many technological advances, has the potential to address some of the world’s greatest challenges, such as feeding a growing population and offering alternatives to dwindling natural resources. The bioeconomy is the economic benefit of embracing these challenges with biological solutions, estimated to be worth at least €2Tn (£1.7Tn) in the EU and employing around 22 million people.
Two independent reports from Capital Economics have highlighted how bioscience is benefitting the UK economy. The first report, The British bioeconomy: An assessment of the impact of the bioeconomy on the United Kingdom economy, suggests that the growth of the UK bioeconomy is going to be critical in creating an economy that is environmentally sustainable.
Scientists at The University of Manchester supported by BBSRC have made an important discovery that forms the basis for the development of new applications in biofuels and the sustainable manufacturing of chemicals. Based at the Manchester Institute of Biotechnology (MIB), researchers have identified the exact mechanism and structure of two key enzymes isolated from yeast moulds that together provide a new, cleaner route to the production of hydrocarbons.