Pol van der Pluijm’s Post

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Associate Partner at McKinsey | Scaling sustainability businesses

At the recent #NextBite24 conference in Rome, organized by EIT Food, we delved into the transformative role of biotechnology in shaping the future of food in Europe. The European Commission has identified biotech as a top priority for the continent and in our panel we recognize its immense potential to revolutionize our food system: 1️⃣ Improve agriculture efficiency: 40% of global crop lands are degraded, while the global population and demand for food is continuing to grow. Biotech offers a solution to enhance the efficiency of our agriculture and food system. 2️⃣ Cost competitive climate intervention: Biotech is emerging as a next generation climate intervention with the potential to scale cost-effectively. By following the same learning curve as other clean technologies, biotech could achieve significant cost reductions, similar to the 70% decrease seen with every 100x scaling in other sectors. 3️⃣ Geostrategic resource efficiency: Beyond climate impact, biotech has the potential to reduce land use by up to 90-95% and water use by up to 70-90% for the highest impact food and agriculture use cases. 4️⃣ Potential for Europe to lead: Europe is at the forefront of research and development, filing approximately 40% more clean tech patents than the US and double the number compared to China. However, building production facilities in Europe remains 70-130% more expensive with longer timelines. All in all, there’s a tremendous opportunity for Europe to lead in and unlock the full potential of biotech for the food systems. To achieve this, we must collaborate to de-risk the industry's scale-up, from securing offtake agreements to achieving execution excellence in cost reduction, and from pioneering innovative financing structures to creating supportive ecosystems such as public-private partnerships. A special thank you to Kevin Camphuis for moderating the panel, and to Stella Child, PhD, Robert E. Jones and Christophe Luguel for the insightful panel discussion! I’m excited about continuing to push the boundaries and look forward to next year’s event Lorena Savani and Michiel De Ruiter. Also, a big shout-out to our incredible team: Roberto Uchoa de Paula, Mark Patel, Anna Littmann, Laura Millroy and Oscar Santegoeds

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Esmee Groen

Associate at McKinsey & Company

4mo

Very impressive Pol!

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