Biden Executive Order to Fund U.S. Biomanufacturing Industry
by Trevor Hunnicutt (Reuters) President Joe Biden will sign orders on Monday to push more government dollars to the U.S. biotechnology industry, aimed at reducing dependence on China for materials to generate clean energy, weave new fabrics and inoculate populations against the COVID-19 pandemic.
The executive order allows the federal government to direct funding for the use of microbes and other biologically derived resources to make new foods, fertilizers and seeds, as well as making mining operations more efficient, administration officials said.
They did not provide any specifics on how much money would be available, where it would come from or how it would be allocated. Further details are expected at a White House summit on the topic Wednesday.
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Potential applications range from the biodiesel fuels made by Renewable Energy Group to the COVID vaccines made by Pfizer-BioNTech (PFE.N), (22UAy.DE) or the genetically modified seeds made by Corteva Inc (CTVA.N). READ MORE
Biden to Boost US Biomanufacturing to Compete with China (Financial Times)
President Biden Launches National Biotechnology and Biomanufacturing Initiative (Bergeson & Campbell)
Biden launches initiative to advance biotech — The effort aims to support the industry, R&D, and workforce development (Chemical & Engineering News)
EPA Renews Biotechnology Innovation Efforts under New Executive Order (JD Supra)
Department of Energy to Fund Biotech Research to Support Clean Energy (NextGov)
Biden’s $2 Billion Bioeconomy Plan Puts Biomanufacturing At Heart Of Federal Policy (World Bio Market Insights)
