“A recent study estimates that, by 2025, over 15% of the three trilliondollar global chemical sales will be derived from bio-derived sources. Yetanother study highlights that over 90% of the annual global plastic productionof 270 Mio tons is technically feasible for substitution by bioplastics.Many of these bioproducts would be manufactured in bio-refineries by thedeployment of rapidly emerging industrial biotechnology.” (Asian WhitePaper, Vijayendran 2010)
About 15% of the world wide Ethylene capacity is produced with artificially low feedstock cost
“We’re not just dealing with vats any more,” insists Volkert Claassen of Royal DSM, a Dutch maker of food enzymes. This week the firm announced a joint venture with Roquette Frères, a French chemicals firm, to build a factory to produce a bio-based version of succinic acid, which is used in paints, textiles and coatings.
By 2020, the EU expects 20% of its power to come from renewables, part of which will have to be delivered by power derived from biomassAdditionally, 10% of all transportation fuels should come from renewable sources, which will require a substantial increase in penetration of biofuels