Jeff Passmore, CACOR Board of Directors, explains how biology can mitigate Climate Change and the results of the recently concluded 2020 Scaling Up conference.
Founded in 2016 “Scaling Up” addresses the full range of commercialization challenges faced by industrial bioeconomy start-ups. Such challenges include growing beyond research and demonstration, partnerships and intellectual property protection, marketing, government policy, sustainability, feedstock assessment and procurement, securing a skilled management team, and, most importantly, raising both development capital and project financing. Many medium sized companies which have successfully completed research, development and demonstration, fail at large scale steel-in-the-ground commercialization. Scaling Up presents business development solutions, and suggests government policy and program initiatives, that can help avoid such failure to ensure Canada both develops new tools to reduce greenhouse gas emissions, and stays competitive with the rest of the world in this fast growing biobased revolution.
The industrial bioeconomy comprises renewable fuels such as ethanol, renewable diesel, and biojet, renewable energy for heat and electricity, and bio-based chemicals for the production of a host of bioproducts and materials. Almost everything in our economy that is currently produced using hydrocarbons could instead be produced from carbohydrates.
With 10% of the world’s forests, tens of millions of acres of agriculture land, and tonnes of municipal waste, there is an opportunity for Canada to be at the innovative leading edge of the bio-based, low carbon economy. Scaling Up will launch us on that path.
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Scaling Up on YouTube