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

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.