There are both positive and negative impacts on the bio-based chemical sector from shale gas development. However, the positive aspects outweigh the negative.
There has been a great deal of discussion on the impact of shale gas on bio-based commodity chemicals. While shale gas offers competitively priced feedstock for certain chemicals, it also opens up opportunities to develop bio-based chemicals. Less production of other chemicals resulting from shale gas feedstock leaves a gap for bio-based chemicals to fill. The latter are also driven by demand pull from consumer companies.
Tags: CO2 reductions, biomass, C4s, bio-aromatic compounds, environmental sustainability, biofuels, market, Europe, China, US, PE, BDO, MEG
Source: ICIS, 2013-06-07.