As the industrial biotechnology industry plays an increasingly important role in the national economic development, its connection with governmental policies and other social and economic activities also becomes stronger and closer. The local governments have taken various measurements and established new regulations to meet the requirements, since the Chinese central government started to promote the policy of "energy saving and emission reduction" in 2006.
The recent diesel-shortage storm started from early November 2010, which is also closely related to the policy. The mandates of power brownout from the local governments led many enterprises to resort to diesel engine generator, resulting in excess consumption of domestic diesel. However, this diesel-shortage storm in turn boosted the demand for domestic biodiesel.
On the other side, "energy saving and emission reduction" also urges the government to promote the commercialization of clean energy, especially biofuel ethanol and meanwhile restrain the development of industries with excess capacity and serious pollutants emission, which make funds and resources flow from parts of these restrained industries to the biofuel ethanol industry.
In addition, more and more new biomaterials have emerged on the market or initiated their commercialization journeys. Meanwhile, some industrialized biomaterials are undergoing capacity expansion currently. On the whole, the industrial biotechnology industry, especially biofuel and biomaterials are changing people's social and economic activities.
For more information about this visit CCM's Industrial Biotechnologies China News at http://www.cnchemicals.com/Newsletter/IndustrialBiotechnologyNews.shtml
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