• Biofuel may drive growth in renewable chemicals
    Biofuel innovations could help support growth in renewable chemicals

Biofuel Industry News

Biofuel may drive growth in renewable chemicals

Aug 18 2010

Development of biofuel could be among the driving forces behind growth in the renewable chemicals sector in the coming five years.

Global Industry Analysts expects to see the total value of the renewable chemicals market reach almost $57 billion (£37 billion) by that time.

Next-generation biofuel and its derivatives could be among the innovations helping to shore up this increase in market value.

Renewable chemicals can be derived from biomass, forestry waste and agricultural waste products, the analyst says.

In recent years, interest in such products has been buoyed by the narrowing price gap between them and conventional, petrochemically produced alternatives.

A desire for reduced greenhouse gas emissions and lowered dependency on fossil fuels is also helping to drive the market forwards.

Global Industry Analysts profiled 122 different companies in the sector while compiling its report, with forecasts based on those businesses' expected earnings in each year from 2009 until 2015.

Digital Edition

PIN 25.4 Aug/Sept

September 2024

Analytical Instrumentation - Novel and Rapid LSC method for the analysis of biogenic carbon in fuels Measurement and Testing - Matrix evaluation on the Xplorer-V with Vectra autosampler accordi...

View all digital editions

Events

SPE-ATCE

Sep 23 2024 New Orleans, LA, USA

ROG.e

Sep 23 2024 Rio de Janeiro, Brazil

Control-Tech

Sep 24 2024 Kielce, Poland

International Pipeline Expo

Sep 24 2024 Calgary, Canada

IDW DOWNSTREAM CONFERENCE 2024

Sep 24 2024 Warsaw, Poland

View all events