Interesting press release this morning from Frost & Sullivan (F&S) regarding the emerging bio-renewable chemicals (We guess they really don’t want to say biochemical) industry and the relationship with the food industry. F&S provide analysis that the bio-renewable chemical market earned $1.63 billion in 2008, and estimated that revenues could exceed $5 billion by 2015. And the best part is that F&S analysts took a look at the lactic acid, succinic acid, glycerol and 1.3 propanediol in the markets of chemicals, bioplastic and composites.
First they reference reliability and predictability of feedstock prices for bio-renewable chemicals. Second, lower emission levels by as much as 50%. Natureworks and others are also claiming lower carbon emissions through the manufacturing process as well.
F&S then lays out issues that are preventing the market from moving forward. Lack of a smooth business-to-business integration is slowing market acceptance. Two different supply chains, and lack of knowledge
Reading between the lines, there are some engineers who have been in their jobs a while and don’t want to change. It happens in every industry and business.
F&S states that over the long term awareness of benefits and the integration of the supply chains will develop strong partnerships for the market.
Here is Wisconsin we are working to bring the knowledge to the market, and build the green supply chain for our manufacturers to have a large slice of $5 billion market by 2015.
Read the press release here….
http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/03-17-2009/0004989659&EDATE=
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