As the biochemical industry emerges, it is bringing out new products and replacing existing ones made from oil. Bio-based chemicals are expected to grow significantly and increase their share in overall chemicals production to an estimated 9 per cent of all chemicals in 2020.2
As bio-refiners are focusing on biofuels, they prefer to use feedstock with high sugar content, such as bagasse from sugarcane or sweet sorghum, corn stover and grasses.
Tags: Wood, biochemicals, cellulose, hemicelluloses, key barriers, solar energy, non-fossil organic carbon, esins, rubber additives, thermoplastic blends, nutra- and pharmaceuticals
Source: Frost & Sullivan, 2012-11-07.