The Cooperative Research Centre for Sugar Industry Innovation through Biotechnology (CRC SIIB) held its final symposium 6 & 7 May 2010.
The Symposium presented outcomes from the CRC SIIB’s seven years of research, including environmentally friendly sought-after commercial products derived from sugarcane.
The CRC SIIB’s innovative work has helped to improve the long-term commercial and ‘green’ potential of Australian sugarcane.
CRC SIIB research has created promising new products based on sugarcane including the basis of numerous health products that could tackle diabetes, and a ‘green’ packaging product which could meet growing national and international demands for recyclable waterproof paper.
The CRC SIIB has developed state-of-the-art breeding tools to help breed environmentally friendly and higher performing new sugarcane varieties.
The CRC SIIB will be wound up at 30 June 2010. The Intellectual property of the CRC will be vested in a new company tasked with facilitating the commercialisation of CRC outcomes.
Research programs such as this sometimes produce surprising outcomes where highly attractive projects do not go on to commercialisation, while others come to the fore and make commercial success. Overall this research has underscored the importance and the potential of the sugarcane plant as a bio-refinery and a commercial counterweight to the highly cyclical raw sugar market.