Wednesday, December 29, 2010

Industrial Biotechnology China News 1007

Industrial Biotechnology China News 1007

This year is the key year for Chinese government to achieve energy saving emission reduction targets of ‘11th Five-Year’, therefore Chinese government has been taking more stringent measures to ensure smooth realization of the targets. Therefore, domestic companies with serious pollution and high energy consuption have to face higher production cost in the next decade, which will sharply reduce their competitiveness.
However, thanks to positive impacts on energy saving emission reduction, industrial biotechnology related industries may enter a rapid development time and traditional companies such as steel companies have been paying more attention to industrial biotechnologies. For example, Baosteel
planned to build China’s first larger-scale commercial plant to produce ethanol by CO. It can predicted that more and more domestic companies will increase investment in industrial biotechnologies in the future.
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