Sep 12, 2022
Biobased support & better biotechnology access among ASA shortlist of likes in announcement
Washington, D.C. Sept. 12, 2022. President Biden has signed an executive order launching a national biotechnology and biomanufacturing initiative that contains many provisions important to American soybean farmers, including actions that will support improved markets for biobased products, create greater access to biotechnology, and encourage research and development supporting the “bioeconomy,” or economic activity derived from biotechnology and biomanufacturing.
American Soybean Association President Brad Doyle, a soybean grower from Arkansas, said, “This announcement puts in place steps that will help our industry continue to use soybeans to develop innovative, sustainable products that can help lower greenhouse gas emissions and create more jobs for not only agriculture but all Americans. We are also pleased to see included measures that support agricultural biotechnology regulatory reform, along with quite a few other provisions.”
Among that list of items appreciated by soy are:
U.S. companies now offer approximately 1,000 soy biobased products. Using a whole-bean approach, soybeans are processed into protein and oil—the former primarily used in plant-based foods like tofu and in livestock animal feed, but also as an ingredient in plastic composites, synthetic fiber, paper coatings, adhesives, etc.; and, the latter, versatile soy oil used in foods, cosmetics, asphalt, biodiesel, and countless other products.
The White House shared in its correspondence that, “investments, programs, and partnerships in this initiative will advance research and development in engineering biology and biomanufacturing, expand and strengthen domestic biomanufacturing capacity and resilient supply chains. It will help bring bioproducts to market that will help support American farmers and reduce risk through biosecurity innovation, as well as enhance workforce training and education programs for the next generation of biotechnologists.”
ASA applauds this effort and looks forward to working with the administration in continuing to develop soy biobased markets and opportunities reliant upon modern biotechnology.