Ginkgo Bioworks joins BDO Zone Strategic Alliance
Ginkgo Bioworks joins BDO Zone Strategic Alliance
, AS A PARTNER IN THE TECHNOLOGY GROUP, GINKGO WILL HELP DE-RISK AND ACCELERATE PROJECT DEVELOPMENT IN BDO ZONES ,
TORONTO, CA and BOSTON, MA , December 19th, 2022
Ecostrat is pleased to announce that Ginkgo Bioworks (NYSE: DNA), which is building the leading platform for cell programming and biosecurity, has joined the Bioeconomy Development Opportunity (BDO) Zone Strategic Alliance as a partner in the Technology Group.
BDO Zone Strategic Alliance Partners include some of the leading companies in the bioenergy industry that help de-risk biobased project development in BDO Zones.
“Ginkgo’s vision of a thriving bioeconomy is aligned with the BDO Zone Initiative’s own goal of driving, accelerating and catalyzing biobased investment and commercial project development in communities across the US. As the Initiative aims to create 1,000 BDO Zones, Ginkgo is thrilled to contribute efforts towards de-risking bio-based investments,” said Kimberly Kupiecki, Senior Director of Business Development at Ginkgo. “By joining the Initiative, Ginkgo also has the unique opportunity to better understand and address local customer needs for synthetic biology applications, while ultimately driving more value for biorefineries via the application of its synbio platform.”
“The BDO Zone Initiative welcomes Ginkgo Bioworks as the newest addition to the growing Strategic Alliance,” said Jordan Solomon, President of Ecostrat. “Ginkgo’s robust technology, capabilities and connections in the biomanufacturing value chain will be fundamental to accelerating the bio-based economy in areas such as connecting feedstock supply, financial investment, bio-technology, process design, and construction to grow bio-manufacturing capacity.”
American biomass provides an economic development engine with the potential to create 160,000 jobs and nearly $15 billion of economic benefit. In Canada, the national economic impact potential is estimated at 16,060 direct, indirect, and induced jobs and over $1.48 billion annually of economic benefit. The BDO Zone Initiative can help North America realize this potential by supporting new market development for bioenergy, advanced biofuels, biobased heat and power, bio-materials, and clean hydrogen.
About Ginkgo Bioworks
Ginkgo Bioworks is the leading horizontal platform for cell programming, providing flexible, end-to-end services that solve challenges for organizations across diverse markets, from food and agriculture to pharmaceuticals to industrial and specialty chemicals. Ginkgo’s biosecurity and public health unit, Concentric by Ginkgo, is building global infrastructure for biosecurity to empower governments, communities, and public health leaders to prevent, detect and respond to a wide variety of biological threats. For more information, visit ginkgobioworks.com and concentricbyginkgo.com, read our blog, or follow us on social media channels such as Twitter (@Ginkgo and @ConcentricByGBW), Instagram (@GinkgoBioworks and @ConcentricByGinkgo), or LinkedIn.
About The BDO Zone Initiative
The BDO Zone Initiative (www.bdozone.org) is an economic development platform that enables local communities to deploy powerful economic development tools – BDO Zone Ratings – to achieve the goal of driving, accelerating and catalyzing biobased investment and commercial project development in BDO Zone-designated regions for new biofuel, renewable chemical, biogas and bioproduct plants. BDO Zone Ratings do this by carrying out credible technical evaluations on feedstock and infrastructure risk, and then enabling communities to effectively signal and promote key feedstock and infrastructure “success” characteristics valued by biobased developers and investors around the world.
‘AA’ or ‘A’ rated BDO Zones identify the best areas for low-risk bioeconomy project development. BDO Zone Ratings enable distressed communities to add capacity to support deployment of innovative technology and infrastructure, and this drives regional economic development to areas where poverty has been persistent for generations, harnessing natural resources to support biobased manufacturing and renewable energy production.
BDO Zones have the ability to move the needle on job creation, decarbonization, and social justice. By achieving the goal of 1,000 BDO Zones in four years across the U.S., this Initiative has the potential to create more than 160,000 clean jobs, reduce greenhouse gas (GHG) emissions by 2.59%, and provide $30,000,000/year into the local economy.
The BDO Zone Strategic Alliance Partnership is divided into four groups: Capital Markets Partners, Project Partners, Technology Partners, and Supply Chain Partners.
For more information on the BDO Zone Initiative, please contact info@bdozone.org. To view all current and upcoming BDO Zone designations, visit www.bdozone.org or check out the BDO Zone LinkedIn page for all news and updates.
About Ecostrat
Ecostrat led the USDOE/BETO funded project to develop the new investment Standards and Ratings for Biomass Supply Chain Risk. Its Biomass Supply Group has 25 years of experience in sourcing and supplying more than 5 million tons of biomass feedstock for bioenergy, biofuel, and biochemical projects across North America. Its Advisory Group combines the BSCR Standards with powerful predictive analytics to understand and minimize supply chain risk.
Jordan Solomon is Chairman of the BDO Zone Initiative and President of Ecostrat. He has overseen development and operation of biomass supply chains for more than 5,000,000 tons of feedstock over two decades for bioenergy, biofuel, and biochemical projects.
Jordan Solomon can be reached at jordan.solomon@ecostrat.com.
For more information on Ecostrat, visit the company’s website at www.ecostrat.com/standards.
Forward-Looking Statements of Ginkgo Bioworks
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the potential success of the alliance. These forward-looking statements generally are identified by the words “believe,” “can,” “project,” “potential,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) volatility in the price of Ginkgo’s securities due to a variety of factors, including changes in the competitive and highly regulated industries in which Ginkgo operates and plans to operate, variations in performance across competitors, and changes in laws and regulations affecting Ginkgo’s business, (ii) the ability to implement business plans, forecasts, and other expectations, and to identify and realize additional business opportunities, (iii) the risk of downturns in demand for products using synthetic biology, (iv) the unpredictability of the duration of the COVID-19 pandemic and the demand for COVID-19 testing and the commercial viability of our COVID-19 testing business, (v) changes to the biosecurity industry, including due to advancements in technology, emerging competition and evolution in industry demands, standards and regulations, and (vi) our ability to realize the expected benefits of merger and acquisition transactions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Ginkgo’s quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 14, 2022 and other documents filed by Ginkgo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Ginkgo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Ginkgo does not give any assurance that it will achieve its expectations.
GINKGO BIOWORKS MEDIA CONTACT:
press@gingkobioworks.com
Originally published at ecostrat.com.