Biotechnology refers to the use of (parts of) living organisms as cell factories to make useful products from renewable feedstocks.
Historically, humankind has used biotechnology in food production (wine, beer, bread, cheese etc.). In the past century, its application has been industrialized and expanded to pharma, agriculture, and production of bio-molecules. Today, the next level biotechnology (2nd generation biofuels and bioplastics) represents a bigger opportunity than ever to build our bio-renewable future. It allows us to move away from non-renewable fossil sources and therefore diminish greenhouse gas emissions while at the same time offering an opportunity to address future challenges related to food, health and energy.