Advancing the Bioeconomy: Overview of Michigan's ProgressDOWNLOAD FILE
September 30, 2010 - Author: MSU Product Center Food • Ag • Bio and Shepherd Advisors
Advancing the Bioeconomy: Overview of Michigan’s Progress is the first in the series of white paper reports prepared by the MSU Product Center for Agriculture and Natural Resources on the Status of Michigan’s Bioeconomy: Progress & Evolving Potential. It builds on previous work done in 2006 by MSU and the Centrec Consulting Group1 to evaluate the emerging bioeconomy in Michigan and identify how MSU could support the advancement of the industry. This report discusses
Michigan’s progress in capitalizing on the opportunities and addressing the issues identified in the
2006 report as well as those that have arisen in the ensuing years. This white paper is not meant to
be a comprehensive or exhaustive evaluation of Michigan’s bioeconomy, nor a judgment on
Michigan’s progress in advancing its bioeconomy. Its purpose is to:
- Provide a market overview of the various bioeconomy sectors.
- Highlight relevant policy and state leadership efforts over the last five years.
- Provide a sample of some of the key bioeconomy R&D efforts at Michigan State University
- Describe some of the economic implications and continuing opportunities for a thriving bioeconomy.
Michigan has prioritized growing its bioeconomy sectors and becoming a leader in the global bioeconomy market. So the key objective of the Advancing the Bioeconomy: Overview of Michigan’s Progress white paper is to provide decision‐makers and stakeholders with a reasonably thorough snapshot of Michigan’s bioeconomy in 2010.
For the purposes of this report series, the Product Center defines the bioeconomy as any commercial or industrial effort based on growing renewable bio‐materials and converting them into products that replace petrochemical‐ or fossil fuel‐based products.
To the extent possible, this report draws from publicly available data from a variety of government agencies, trade associations, and published reports and uses the most recent quantitative data and information available.