Since we reported on the 2015 report, the biobased industry now contributes 4.2 million jobs and $393 billion to US economy. Each job in the US bioeconomy adds 1.76 jobs in adjacent sectors. In Africa, we can expect an even higher job creation rate (See: GreenEnergyPark™ biorefinery).
With declining oil prices bioplastics will experience increased competition from fossil fuel based, volume plastics, particularly in the packaging market. Yet bioplastic companies will continue
Biomass to Plastic Bottle PLUS Carbon Capture Plastic Bottles from Carbon Dioxide and a Furfural Derivative