Synthetic biologists might want to delay plans to work on their speechwriting skills.
The U.S. Environmental Protection Agency (EPA) doles out awards each year as part of its Green Chemistry Challenge. It's not quite a challenge per se, but rather a way to recognize and encourage the development of sustainable technologies. Past awards include novel vanadium redox flow batteries, solid-phase synthesis of antiviral ingredients, and making peptides found in spider venom via fermentation.
Since the challenge's inception in 1996, the EPA has singled out only 139 technologies from over 1,800 nominations. It's an exclusive club.
Although it might be easy to assume biology-based technologies are a slam dunk to dominate a green chemistry challenge, that hasn't been the case.
- Using the broadest definition of "biology-based," technologies utilizing biological inputs (such as wood waste) or processes (such as fermentation) have won 48 of 139 awards.
- Technologies utilizing a narrower definition of biotechnology or synthetic biology have won 35 of 139 awards.
Of the 35 winners in biotechnology, 20 (57%) have been awarded since 2009, or the halfway point of the Green Chemistry Challenge's existence to date. Similarly, seven (20%) winners have stepped to the podium since 2019, but that period encompasses roughly an equivalent share (18%) of the program's history. These numbers suggest biotechnology isn't more likely to win an award today than at any other time since 1996.
In fact, there's a negative correlation to biotech companies winning an EPA Green Chemistry Challenge Award and business performance.
- 90% (9/10) of biotechnology companies that won an award from 2005 through 2017 are now closed, bankrupt, or had worse operating margins in the first half of 2023 compared to the year-ago period. These include Metabolix (Yield10 Biosciences), Codexis (three times), LS9, BioAmber, Amyris, Solazyme (TerraVia), Algenol, LanzaTech, and Verdezyne.
- Award recipients from 2019 to 2023 (there were no awards in 2018) include Kalion, Vestaron, Genomatica, Provivi, Modern Meadow, and Solugen.
There are a few plausible explanations.