Page 524 - Refining Biomass Residues for Sustainable Energy and Bioproducts

478 Refining Biomass Residues for Sustainable Energy and Bioproducts

So far funding for promotion of blue biotechnology sector has largely sponsored
by public agencies rather than private sectors. The involvement of private parties is
crucial in the commercialization of marine products. Therefore, private interest in
marine resources has to be instigated. Marine resources are so diverse causing lack
of clarity related to source and traceability of individual material. This creates
investment risks and legal problems. However, governments can overcome the
abovementioned hurdle by implementing blue biotechnology friendly policies and
thus help in exploiting the full potential of blue biotechnology.

Acknowledgments

Authors are very grateful to Prof. M. Sivanandham, Secretary, Sri Venkateswara Educational
and Health Trust for his continuous encouragement and support throughout. Authors would
also like to express their thanks to Sri Venkateswara College of Engineering, Sriperumbudur
for the support.

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