Province studies bio-economy potential

Posted by Rumin Mann
August 31st, 2011

B.C. is giving the bio-economy some extra attention.

A new committee of MLAs will look at expanding the province’s bio-economy sector – and the potential job creation and economic growth that goes with it.

Bio-economy refers to the conversion of biomass, such as trees and agriculture products, into bio-energy, bio-chemicals and biomaterials.

A February, 2011, Forest Products Association of Canada study indicates the bio-economy is an exploding global market worth trillions of dollars that reflects a growing environmental sensibility and a shift toward products that come from natural renewable sources.

The MLA committee, chaired by John Yap (Richmond-Steveston), includes Parksville-Qualicum MLA Ron Cantelon, Bob Simpson (Cariboo North), Eric Foster (Vernon-Monashee) and John Rustad (Nechako Lakes).

Cantelon said the committee is a good opportunity to look at alternative uses for B.C.’s wood fiber.

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