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Biorenewable chemicals are chemicals derived from bio-based feedstocks, which are renewable since they can be seasonally cultivated and exploited, as corn, sugar cane, wheat and cellulose. In most cases, prior to conversion to chemicals, the original biomass raw material will be converted into form, which can be more easily converted into chemicals as sugar, starch or plant oil.
The major feedstock for biorenewable industry is sugar, deriving mainly from sugar cane and other type of biomass, which could provide an alternative to the traditional petrochemical feedstocks that are currently driving the polymer industry.
The evolution of the chemical industry to convert bio-based feedstocks is already making inroads, due to irreversible global drivers of the chemical industry:
Growing concern about carbon footprint and sustainability Recent high volatility in energy and other commodities prices Some of the world’s largest packaging companies may accelerate this trend as they set new standards and initiatives for “Green” renewable materials The world’s bigger players in the chemical industry are seeking new feedstocks and products from renewable sources as a potential solution for dependence on petroleum, such as bio-based PE, PP, Polyethylene Terephthalate (PET), as they have a favourable GHG balance compared to fossil fuels and petrochemicals.
Responding to these economics and market drivers, some of the world`s largest chemical producers are investing in projects to more profitably manufacture biochemicals instead of biofuels. The new environment has created an exciting tipping point in strategic partnering, investment, and construction that is driving rapid growth in renewable chemicals commercialization. Projected growth rates for biorenewable chemicals are significantly above conventionally sourced chemicals and thus the high industry interest.
The fossil chemical industry will maintain its dominance, though global market drivers provide solid platform for significant growth of biorenewable industry.
This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.Learn more
This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.Learn more
Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.
As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.
February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015
June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015
September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015More Events