Manufacturing Industry

Feds' funds boost bio-research.(Brief Article)

Plastics News, September, 2001 by Toloken, Steve

WASHINGTON - The federal government plans to spend at least $15 million to bolster research on plastics and chemicals made from natural materials like soybeans and castor oil, part of an effort in the Bush administration's energy policy to bolster biological-based products. The grants, announced Sept.

17 by the Department of Energy, are seed money in a bid to dramatically increase the amount of bio-based chemicals. DOE officials said about 2 percent of the U.S. chemical market is bio-based, but a joint government-industry task force calls for that to rise to 10 percent by 2020. For plastics, the figure could exceed 10 percent, said Mark Paster, team leader of a DOE program to fund research on making chemicals and other materials from agricultural products....

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