Increased Biofuel Production to Propel New Chemical Businesses
Wednesday May 30, 6:01 am ET
SRI Consulting Releases New Chemical Inputs and By-Products of Biofuels Report
MENLO PARK, Calif.--(BUSINESS WIRE)--Momentum for biofuels is growing as a way to reduce greenhouse gas emissions, provide sustainable energy sources and ensure domestic supplies of energy. Legislation is being written and mandates are being issued by governments around the globe to increase production of sustainable energy sources over the next couple of decades. Today, SRI Consulting (SRIC) released its new Chemical Inputs and By-Products of Biofuels report, which examines the major biofuel processes and provides an understanding of the impact of their chemical inputs and by-products on the chemical industry.
Robert Davenport, Director of SRIC's Safe & Sustainable Chemicals series, commented,"As the petrochemical industry was developed in concert with the petroleum industry, new chemical businesses will be developed as an outgrowth of the biofuels industry. As more biofuels are produced, there will be a demand for chemicals to assist in their production and a concomitant increase in the number of chemical applications from biofuel by-products." Mr. Davenport added, "Many by-products of the biofuels industry can be used as energy sources, but chemicals provide a higher value."
Russell Heinen, Vice-President of SRIC commented, "Due to the rapid growth in biodiesel production, the potential supply of glycerin may exceed ten times current demand. The resulting drop in glycerin prices has prompted new technologies to be developed that can take advantage of the new low-cost feedstock. These new technologies could impact existing producers of products that may soon be glycerin based."
SRIC's new Chemical Inputs and By-Products of Biofuels report discusses the major biofuels that will be produced over the next decade. The 111-page report, part of the Safe & Sustainable Chemicals series, projects the consumption of chemicals for several biofuels based on estimated future production. Processes discussed include biodiesel, bioethanol, biobutanol, and others.
About SRI Consulting (SRIC)
SRI Consulting is the world's leading business research service for the global chemical industry. This report was developed by SRI Consulting's Safe & Sustainable Chemicals group, which provides in-depth, independent technical and business advisories for the chemical and energy industries. Publishing for almost 60 years, SRI Consulting is the preeminent source for in-depth business and process analysis. SRI Consulting's headquarters are located in Menlo Park, California with offices in The Woodlands, Texas; Zurich, Switzerland; Tokyo, Japan; and Beijing, China. SRI Consulting is a division of Access Intelligence, LLC. Additional information is available at www.sriconsulting.com.
SRI Consulting (SRIC) is a trade name and a registered trademark of SRI International, used under license.
Source: SRI Consulting
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