There’s only one complete region for biobased where abundant feedstock, lack of oil & gas production, rising energy demand and supportive government policy come together – and that is Asia.
Biobased – from fuels to nutraceuticals, Asia has it all going – and in many cases, well out of first gear and the foot firmly on the accelerator. What’s driving it? Well, for sure the long-standing nexus for chemical companies in Asia, the dramatic growth of markets, and the relative scarcity of oil & gas for many countries.
But without a doubt, biobased products are on the rise throughout Asia. Here’s our special report as of the end of 2012.
1. Faster energy demand growth than any other region.
2. Less likely to have large fossil energy discoveries – those that are, will be focused on a handful of countries, not well-aligned with industrial growth.
3. Less affected than other regions by large discoveries of natural gas in North America, unless a pipeline is constructed.
4. Increasingly focused on triple bottom line including social, economic and environmental measures.
Tags: China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Thailand, Vietnam
Source: BiofuelsDigest, 2012-12-25.