Market roundup: Amazon Biobusiness Center let loose

Lula grants autonomy to Amazon Biobusiness Center

President Luiz Inácio Lula da Silva took part in the signing ceremony of a decree to support the Amazon Biobusiness Center (CBA), giving it more autonomy by setting up a social organization to run it. 

Autonomy. According to the decree, the CBA will no longer be linked to the Superintendency of the Manaus Free-Trade Zone (Suframa). Instead, it will be a social organization able to autonomously raise funds and expand activities for the development of new businesses that use forest resources. 

• CBA will be controlled by the Universitas Foundation of Amazon Studies (FUEA), which won the bidding process to work in partnership with institutions such as Amazonas State University (UEA).

What does CBA do? The organization works on projects aimed at developing new products and processes using inputs from Amazonian biodiversity in several sectors, such as food and beverages, herbal medicine, cosmetics, pharmaceuticals, chemistry, bioplastics, agriculture, textiles, health, diagnostics, and paper.

• The center also works in the training of human resources for the development of activities on a sustainable basis, through technical assistance to traditional communities, management units, agroforestry entrepreneurs, and for the transformation of organic and inorganic wastes into economically viable products.

News. In addition, CBA will have a business center that will operate on two fronts:

• seeking research outside its own laboratories, which will result in “off-the-shelf” products that integrate the center’s portfolio and will be offered to potential investors, and,
• striking...