Earlier this week, the Biotechnology Industry Organization went to Capitol Hill to tout another benefit of renewable chemicals: jobs. The organization’s white paper, Biobased Chemicals and Products: A New Driver of U.S. Economic Development and Green Jobs, states biobased products and plastics account for 5,700 direct jobs and is likely responsible for over 40,000 jobs in the U.S. alone. It’s great to see this benefit of bio-based products getting some attention. Sustainability is often described as having 3 aspects: performance (both functional and environmental), economic (products and processes need to be efficient) and social – the creation of green jobs fits this particular aspect of sustainability. At Elevance we believe this is an important part of the future.
The replacement of petrochemicals with cost effective bio-based products that perform as well or better than their petrochemical alternatives creates a more sustainable future for everyone. To encourage and accelerate realizing that potential, BIO asked Congress to incentivize deployment of advanced industrial biotechnologies. We think that’s a good investment both here and around the world – and we’ve invested over 60 careers in it to date.
Elevance is happy to congratulate our partner at Trent University, Dr. Suresh Narine, for receiving one of two $1.25 million Ontario Research Chairs in Green Chemistry and Engineering by the Ontario Research Chairs Selection Panel. The award, granted by the government of Ontario, aims to enhance the province’s capacity in renewable energy technologies.
Dr. Narine, considered a pioneer for using natural oils to create chemicals, materials and polymers with competitive value, performance, and environmental benefits, leads the team of researchers at Trent University Biomaterials Research Laboratories. The collaboration between Dr. Narine’s team and Elevance utilizes our unique expertise to bring new, high performing and environmentally friendly biomaterials, biochemicals and bioproducts to the marketplace.
We look forward to continued work with Dr. Narine as we take scientific findings from the laboratory to the marketplace.