Whether designed as drop-in replacements to fossil-fuel-derived substances or new formulations altogether, some renewable building blocks are breaking market barriers
The production of biotechnology-based chemicals, while still a niche operation in terms of global chemical production, is demonstrating double-digit growth, says a recent SRI Consulting report*. Enabled by rapid advances in industrial biotechnology and significant increases in the price of crude oil over recent years, the number of biotechnology-based chemicals within the sights of commercial producers is increasing.
The report provides detailed industry and market analysis for six biotechnology-based chemicals — citric acid, glutamic acid, lactic acid, lysine, polyhydroxyalkanoates and threonine. All these chemicals are produced by microorganisms without being challenged by synthetic production routes, have already achieved commercial status, and are considered important chemical building blocks.
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