Renewable specialty chemicals have applications across various industries and can help reduce carbon emissions. They are derived from renewable sources like agricultural waste and biomass. Specialty chemical companies are developing technologies to produce high-value chemicals like flavors and fragrances from renewable feedstocks. This can help meet growing demand from consumers concerned about the environment while stabilizing costs compared to oil-based chemicals. Wide adoption of renewable specialty chemicals could significantly contribute to achieving net zero carbon goals by 2050 through biotechnology applications that maximize efficiency.