1 min read • Chemicals

Less oil for chemical industry

There is a new trend named bio-economy. It is the process of substituting oil with unused parts of plants for the production of important basic chemicals. Germany is a pioneer in bio-economics and the expected potential is tremendous. In accordance with a recent Arthur D. Little study, the global production of chemicals is worth around 77 billion Euros. Arthur D. Little estimates this market will triple or even quintuple by 2025.

1 min read • Chemicals

Less oil for chemical industry

DATE

February 2011

There is a new trend named bio-economy. It is the process of substituting oil with unused parts of plants for the production of important basic chemicals. Germany is a pioneer in bio-economics and the expected potential is tremendous. In accordance with a recent Arthur D. Little study, the global production of chemicals is worth around 77 billion Euros. Arthur D. Little estimates this market will triple or even quintuple by 2025.