Affiliate Group Aims to Advance Commercialization of Industrial Biotechnology
WASHINGTON, April 25, 2012 /PRNewswire-USNewswire/ -- The Society of Chemical Manufacturers and Affiliates (SOCMA) today announced the launch of SCD-iBIO, a new affiliate group that aims to advance the commercialization of industrial biotechnology, which is the application of biology for the production and processing of chemicals, pharmaceuticals, materials and energy.
The group is referred to by its acronym, which stands for the Society for the Commercial Development of Industry Biotechnology.
"With industrial biotechnology rapidly emerging as a key technology for economic growth on a global scale, SCD-iBIO will help member companies achieve their common objective of creating a sustainable chemical industry," said SOCMA President and CEO Lawrence D. Sloan. "We welcome them into our family of affiliate groups and look forward to helping them achieve their goals."
Sloan added that the formation of the group also supports SOCMA's organizational goal to expand its representation across more sectors of the chemical space.
"We feel that industrial biotechnology is at an inflection point, and the practice of commercial development would accelerate the penetration of the field," said Larry Drumm, Executive Director of SCD-iBIO.
Members of SCD-iBIO are dedicated to developing and commercializing products that are:
- Derived from renewable feedstocks;
- Manufactured by green process technology;
- Produced with lower life-cycle carbon emissions using bioprocesses;
- Or companies that are part of the value chain.
Through SCD-iBIO, member companies can participate in forums to share best practices, have access to educational opportunities and take part in networking functions.
SOCMA's Association Management Services offers professional and administrative services to manage independent chemical and related industry associations. A variety of single-chemical, issue-specific or industry sector groups have operated as separately funded, affiliated associations under SOCMA management since the early 1970s.
SOCMA is the only U.S.-based trade association dedicated solely to the batch, custom and specialty chemical industry. Since 1921, we have represented a diverse membership of small, medium and large chemical companies, making us the leading authority on this sector. SOCMA has a global membership of 220 companies, which employ more than 46,000 workers in the U.S. alone.
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Lawrence D. Sloan -- http://www.profnetconnect.com/lawrencesloan
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SOURCE Society of Chemical Manufacturers and Affiliates