OECD and FAO see slower growth in demand keeping world food prices low.

Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets, according to the latest 10-year agricultural outlook published today by the OECD and FAO.

The OECD-FAO Agricultural Outlook 2017-2026 says that the completed replenishment of cereal stocks by 230 million metric tonnes over the past decade, combined with abundant stocks of most other commodities, should also help limit growth in world prices, which are now almost back to their levels before the 2007-08 food price crisis.

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IndianOil and LanzaTech sign a Statement of Intent to Construct World’s First Refinery Off Gas-to-Bioethanol

Indian Oil Corporation Limited (IndianOil), India’s flagship national oil company and, LanzaTech, carbon recycling company, have signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.

LanzaTech has developed a gas fermentation process to make fuels and chemicals. Instead of sugars and yeast, the company uses a biological catalyst to ferment waste gas emissions. The large volume of waste gas produced at industrial facilities such as refineries cannot be stored or transported; rather it must be combusted to make power locally and emitted as carbon dioxide (CO2). Power can be carbon-free, and in India today, the cost of renewable power has fallen below the cost of coal, accelerating the transition to a carbon-free grid. LanzaTech’s technology allows refineries to divert waste gases from the grid, supporting the transition to fully renewable power while recycling this carbon into liquid fuels and petrochemicals.

India is adopting a cleaner and greener economic growth pathway today, with the Government running one of the largest renewable capacity expansion programmes in the world. The implementation of the National Smart Grid Mission, along with new programmes for increasing energy capacities from wind and waste conversion, are key elements of this vision. This vision is inextricably linked to the principle of ‘need-based consumption’ which follows the need to maximise on existing resources and decarbonise everyday activities.

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DuPont and Bock partner to distribute biogas enzyme technology

Industrial enzyme manufacturer DuPont Industrial Biosciences and silage storage specialist Bock UK have announced a strategic partnership where Bock will demonstrate DuPont’s biogas enzyme technology at commercial scale in the UK market. The enzyme technology, OPTIMASH AD-100, has been shown to help biogas producers in the agricultural sector improve yields and process robustness.

OPTIMASH AD-100 works by accelerating the breakdown of various materials such as maize silage, grasses, straw, manures and some food wastes, resulting in sugars more suitable for conversion into biogas. The easy-to-use liquid enzyme product has been shown to produce up to a 13% increase in biogas yields in anaerobic digesters, according to DuPont.

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Fourth industrial revolution is here, claims ARC Laureate Fellow

World-leading IT expert, Professor Svetha Venkatesh, is using pattern recognition and machine learning to explore frontiers in medicine, materials, mental health and many other sectors.

Most of us don’t know the term yet, but the world is on the cusp of a fourth industrial revolution, claims Deakin University’s new Australian Research Council (ARC) Laureate Fellow, Professor Svetha Venkatesh.

Coined by the founder of the World Economic Forum, Professor Klaus Schwab, and the theme of the Forum’s 2016 annual meeting, this revolution is characterised by the embedding of technology within societies – and our bodies.

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DuPont and Bock partner to distribute biogas enzyme technology

Industrial enzyme manufacturer DuPont Industrial Biosciences and silage storage specialist Bock UK have announced a strategic partnership where Bock will demonstrate DuPont’s biogas enzyme technology at commercial scale in the UK market. The enzyme technology, OPTIMASH AD-100, has been shown to help biogas producers in the agricultural sector improve yields and process robustness.

OPTIMASH AD-100 works by accelerating the breakdown of various materials such as maize silage, grasses, straw, manures and some food wastes, resulting in sugars more suitable for conversion into biogas. The easy-to-use liquid enzyme product has been shown to produce up to a 13% increase in biogas yields in anaerobic digesters, according to DuPont.

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National IP firm announces three promotions for 2017

Specialist intellectual property firm Baldwins has announced the promotion of one new Senior Associate and two new Associates.

“We are excited to recognise the development of our IP specialists, it exhibits our commitment to grow the firm and promote from within. The promotions of Kate, Victoria and Harriet reflect their expert IP knowledge and the high quality of service they provide our clients.” – Gay Rankin, General Manager, Baldwins Intellectual Property

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How a key Donald Trump backer lost $22m overnight on an Australian drug company

US congressman Chris Collins has backed two horses in the past 18 months: Donald Trump, and an obscure Australian biotech firm called Innate Immunotherapeutics. Trump turned out to be a winner – Innate has been just the opposite.

On Tuesday, the Sydney-based company announced its lone, promising asset – a multiple sclerosis drug known as MIS416 – had bombed its clinical trial, having shown no meaningful difference to the placebo. Its value plunged 92 per cent.

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Industry-Academia Collaborative Mission for Accelerating Discovery Research to Early Development for Biopharmaceuticals

It is time for India to capitalize now on our unique strengths and overcome any
hurdles to ensure success in the bio-pharmaceutical market.” This was stated by
the Union Minister for Science& Technology and Earth Sciences, Environment,
Forests & Climate Change, Dr. Harshvardhan while addressing the media in
New Delhi today.

The first ever Industry-Academia mission to accelerate biopharmaceutical development in
India has been approved by the Government of India. The program named Innovate
in India (i3) will witness an investment of USD 250 million with USD 125
million as a loan from World Bank and aspires to create an enabling ecosystem
to promote entrepreneurship and indigenous manufacturing in the sector.

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