2021
DOI: 10.1089/ind.2021.29263.jda
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An Economic Impact Analysis of the US Biobased Products Industry

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Cited by 11 publications
(15 citation statements)
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“…Bioproducts and bioenergy offer the potential to replace fossil fuel-based products and reduce environmental impacts and carbon emissions . Additionally, bioproducts contribute substantially to the U.S economy; the biobased products industry (excluding biofuels) added $459 billion to the U.S. economy and employed 4.65 million people in 2016 . The ethanol biofuel industry is another major sector in the bioeconomy, as it produces 10% of motor fuel in the U.S …”
Section: Biorefineriesmentioning
confidence: 99%
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“…Bioproducts and bioenergy offer the potential to replace fossil fuel-based products and reduce environmental impacts and carbon emissions . Additionally, bioproducts contribute substantially to the U.S economy; the biobased products industry (excluding biofuels) added $459 billion to the U.S. economy and employed 4.65 million people in 2016 . The ethanol biofuel industry is another major sector in the bioeconomy, as it produces 10% of motor fuel in the U.S …”
Section: Biorefineriesmentioning
confidence: 99%
“…1 Additionally, bioproducts contribute substantially to the U.S economy; the biobased products industry (excluding biofuels) added $459 billion to the U.S. economy and employed 4.65 million people in 2016. 3 The ethanol biofuel industry is another major sector in the bioeconomy, as it produces 10% of motor fuel in the U.S. 4 For a transition to a more sustainable society and to enhance innovative solutions, it is necessary to develop a skilled and diverse workforce 5,6 and prepare the next generation of bioeconomy and STEM professionals. The American Chemical Society and other professional organizations emphasize the importance of adopting green chemistry principles (e.g., using renewable feedstocks, reducing wasteful inputs and outputs, and applying life cycle thinking) in research and industry settings as well as promoting teachers' and students' understanding of these topics to strengthen the bioeconomy and create a more sustainable future.…”
mentioning
confidence: 99%
“…1,2 According to the U.S. Department of Agriculture (USDA), in 2016, U.S. biobased products were estimated to displace approximately 9.4 million barrels of oil and reduce as much as 12.7 million tonnes of greenhouse gas (GHG) emissions (CO 2 equivalents). 3 Biobased products include bioplastics and biochemicals. Biochemicals are estimated to account for only 4 wt % of the chemicals manufactured in the U.S. 3 Therefore, tremendous growth in market share for biochemicals is possible.…”
Section: ■ Introductionmentioning
confidence: 99%
“…3 Biobased products include bioplastics and biochemicals. Biochemicals are estimated to account for only 4 wt % of the chemicals manufactured in the U.S. 3 Therefore, tremendous growth in market share for biochemicals is possible. The replacement of conventional chemicals with biochemicals has the potential to reduce GHG emissions and to promote a domestic biomass industry while reducing dependence on fossil resources.…”
Section: ■ Introductionmentioning
confidence: 99%
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