Bright Future for Bio-Industry
North Dakota State University hosted the Future of the Bio-Industry Action Summit last week, and presenters showcased growing potential for bio-based products and industries. Fargo consultant Neil Doty told the audience that 40 percent of North Dakota’s corn crop is currently used in ethanol production. Doty noted that the global market for fermented products from corn is more than $22 billion. Retired USDA Economist Marv Duncan said that for the bio-products industry to be successful, it must meet the test of “price, performance and measurable environmental benefits.” Read more in the Grand Forks Herald.