Renewable chemicals: US$76.8 billion by the year 2017, says reportRenewable chemicals: US$76.8 billion by the year 2017, says report

Biofuels Digest
Jim Lane October 19, 2011

In California, Global Intelligence Analysts announced the release of their global report on Renewable Chemicals market, forecasting it to reach US$76.8 billion by the year 2017. GIA sites sustained increase in crude oil prices and the need for new energy sources from eco-friendly feedstocks will rekindle investors’ interest and lead to improvements in capital spending and commercial deployment of bio-based technologies in worldwide markets. Also, proposed amendments to certain government programs and loan guarantees will support commercial scale projects and advance renewable chemicals sector.

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