19/09/2012

Demand of Bio-based Chemicals to Grow Exponentially by 2021, Foresees SBI

NEW YORK, USA -- The rising demand for biofuels will spur the market for bio-based Epichlorohydrin (ECH) and biomethanol, the fastest growing segments of the bio-based chemicals industry. According to The World Market for Bio-Based Chemicals, 2nd Edition, a research report from energy publisher SBI, production of bio-based chemicals is shifting away from western nations and towards growing economies. Bio-based chemicals regained ground by 2011, after commodity prices went in flux following the economic crash in 2008, managing a 19.5% compound annual growth rate between 2007-2011. When glycerin prices dropped to historical lows in 2009, producing bio-based ECH and biomethanol for synthetic glycerin became more economical, spurring...


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