Industrial biotechnology uses microorganisms and biological processes to produce useful products and materials in a more sustainable way compared to traditional chemical processes. It involves using fermentation and other biological methods to generate chemicals, fuels, foods, and other products from renewable resources. Industrial biotechnology is more efficient and environmentally friendly than petrochemical processes as it uses renewable resources and produces less waste. Some key applications include producing antibiotics, enzymes, organic acids, biofuels, and treating waste and pollution.