The Biotechnology Revolution: The Next Wave of Economic Growth

Source: Shanxi News Network

From detecting early cancer through genetic testing, to using biological breeding to assist in high-quality and high-yield food crops, and then to using biosynthetic energy to reduce carbon emissions

Biotechnology has penetrated into every aspect of the economy and society, empowering numerous fields such as medicine, health, agriculture, energy, and environmental protection. The bioeconomy has become a new economic form following agricultural economy, industrial economy, and information economy. The world-renowned futurist Alvin Toffler pointed out that the impact of biotechnology on humanity will far exceed that of information technology.

The bioeconomy is an economy based on modern biotechnology and biological resources, mainly focused on the research and development, production, circulation, consumption, and trade of biological products and services. It includes key industries such as the big health industry, biological agriculture, biological manufacturing, bioenergy, and biological resource industry. The bioeconomy is becoming the next economic growth trend.

On July 20th of this year, Shanxi Jinbo Biopharmaceutical Co., Ltd., the first A-share recombinant collagen protein company, was listed on the Beijing Stock Exchange.

Established in 2008, Jinbo Biotechnology has achieved breakthroughs in multiple original innovation achievements, with a focus on new materials for life and health and major infectious diseases in humans. The company adheres to the spirit of original innovation, using recombinant collagen and anti HPV biological proteins as core raw materials, and carries out research and development, production, and sales of various medical devices and functional skincare products. It has established a full industry chain business system from upstream functional protein core raw materials to terminal products such as medical devices and functional skincare products. At present, the 164.88 ° triple helix structure and injectable grade recombinant humanized collagen biomaterials developed by Jinbo Biotechnology have achieved large-scale production, achieving a breakthrough of 0-1 in this field.

Jinbo Biotechnology is a model for the development of the bioeconomy in our province.

As a major coal and energy province, Shanxi has a long history of development and profound cultural heritage. Against the backdrop of carbon peaking and carbon neutrality, our province is facing dual pressures of economic development and ecological environment protection. It shoulders the dual task of both catching up and transforming, and bears the dual pressure of both increasing the total quantity and improving the quality. It is in a critical period of seeking transformation and finding a way out. Developing the bioeconomy is the only way for Shanxi Province to seize the opportunities of the bioeconomy era, implement the Healthy China strategy, and transform. Building the bioeconomy into a new important growth pole has global and strategic significance for the long-term development of our province.

At present, the development of the bioeconomy in our province is showing increasingly prominent geographical advantages, diverse and abundant biological resources, prominent agricultural resource characteristics, unique Chinese medicinal resources, embryonic form of the biomaterials industry, stable sources of biomass resources, and solid foundation for biomass energy utilization, providing strong support for the development of the bioeconomy, gradually forming a combination of biomaterials, bioagriculture, and bioenergy The modern biological industry system dominated by industries such as biomedicine has great development potential.

Have you ever seen clothes, cars, and appliances made from corn? Breaking down the primitive building blocks that pieced together nature and rebuilding them in a more suitable form for people's needs is precisely the magic of synthetic biology. The synthetic biology industry is currently one of the most disruptive and promising strategic emerging industries in the world, with a large market size, multiple application scenarios, and abundant development potential. In 2022, our province has identified the synthetic biology industry chain as one of the first ten key industry chains, proposing to focus on the "corn processing synthetic biological monomers synthetic biopolymer materials industrial silk, civilian silk, engineering plastic processing" chain, and create technologically advanced products such as pentanediamine, bio based polyamide, and long-chain dicarboxylic acid, to build a synthetic biology industry chain with international influence.

All biodegradable plastic rolls, shopping bags, garbage bags, plastic films, all biodegradable disposable plastic cups, straws, knives, forks, spoons... At the largest production base of biodegradable material products in the province - Huayang New Materials Biodegradable New Materials Taiyuan Production Base, a variety of all biodegradable plastic products are continuously produced and sold throughout the country. Developing high-performance biodegradable materials is a key focus for our province to expand the production of biomaterials.

Nowadays, a new round of technological revolution and even industrial revolution, represented by the biotechnology revolution, has arrived, and the wave of biotechnology revolution is accelerating its integration into economic and social development. Seizing the opportunities for the development of the bioeconomy, meeting the new expectations of the people for better protection of life and health, higher levels of food consumption, more sustainable production methods, and better protection of biological safety, Shanxi is taking action.