The term " industrial biotechnology " fi rst widely appeared in the literature in the early 1980s when genetic engineering, propelled by recombinant DNA technology, was searching for applications beyond health care and medical biotechnology [1, 2] . Today, industrial biotechnology represents a well -defi ned fi eld with signifi cant academic, government, and corporate representation. Formally, industrial biotechnology is the bioconversion, either through microbial fermentation or biocatalysis, of organic feedstocks extracted from biomass or their derivatives to chemicals, materials, and/or energy. Biomass is the result of photosynthetic carbon fi xation by plants to form organic polymers that may be digested, enzymatically or chemically, to carbohydrate, protein, and lipid monomers. Industrial biotechnology, often referred to as " white biotechnology " in Europe [3] , aims to provide costcompetitive, environmentally friendly, self -suffi cient alternatives to existing or newly proposed petrochemical processes.Processes that exploit industrial biotechnology have recently garnered increasing global attention with traditional petrochemical processing under scrutiny as a result of increasing raw material costs, environmental constraints, and decreasing self -suffi ciency.Industrial biotechnology has experienced unprecedented growth with bio -based production processes representing 5% of the total chemical production sales volume. By 2010, several studies have estimated that the total fraction will increase to 20%, representing US$310 billion of a projected total sales volume of US$1600 billion. Industrial biotechnology will continue to capture signifi cant sales volume percentages in the arenas of basic chemicals and commodities (2 -15%), specialty or added -value chemicals (2 -20%), and polymers (1 -15%). However, the greatest percentage gain is likely to occur in the fi ne chemical market (16 -60%), where industrial biotechnology platforms enable complex chemistry that are presently produced via complex synthetic or combinatorial routes [4] .Furthermore, industrial biotechnology is enabling new products, particularly novel therapeutic agents such as polyketides and specialty chemicals not previously identifi ed, such as the diverse polyunsaturated fatty acids and biopolymers produced by microalgae [5] .Industrial biotechnology is by no means a new fi eld, with fermentation processes for antibiotics (penicillin production by Penicillium chrysogenum ; annual market size exceeding US$1.5 billion), vitamins ( L -ascorbic acid production by the Reichstein process and biocatalysis by Gluconobacter oxydans ; annual market size exceeding US$600 million), organic acids (citric acid production by Aspergillus sp.; annual market size exceeding US$1.5 billion), and amino acids ( L -glutamate and L -lysine production by Corynebacterium glutamicum ; annual production exceeding 600 000 tons) well established [5] .In each of these examples, host organisms well suited for production of the target compound were isolated naturall...