Efforts to boost conversion rates and yields and improve separation efficiency are helping, but obstacles remain
With traditional petroleum-derived feedstocks facing relentless economic and environmental pressures, it’s no surprise that stakeholders throughout the chemical process industries (CPI) have been in hot pursuit of alternative routes for producing commodity and specialty chemicals and polymers from cheap, plentiful renewable feedstocks. Today, parallel efforts are beginning to bear fruit. According to market analyst Frost & Sullivan (London; www.chemicals.frost.com), the global market for renewably sourced commodity chemicals earned revenues of $1.63 billion in 2008, and this figure is projected to reach $5.01 billion by 2015....
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