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EXECUTIVE SUMMARY

This report explores the opportunities associated with the biobased economy (excluding fuel, food and feed). Much of the work relies upon prior literature. Some of the key findings include:

◇ Government policies and industry Business to Business sustainability programs are driving the biobased economy.
◇ Across the globe, nations are investing in Public/Private Partnerships to expand their biobased economy for domestic and

    international consumers.
◇ In the U.S., the United States Department of Agriculture (USDA) BioPreferred program and Federally-supported research

   continue to drive investment in research and development (R&D) and make available broader sets of biobased consumer

   products.
◇ While there is wealth of data and information regarding the economic impact of the bioeconomy in Europe and various

    nations, there is a lack of understanding and quantification of the economic benefits of the bioeconomy and specifically the

    non-fuel bioeconomy in the U.S.
◇ There are challenges facing the continued expansion of the bioeconomy. These include reliable availability of raw materials with

    increased climate and severe weather impacts, water availability, and stability of the markets.

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