Renewable Chemicals Market
October 2023-Â InnoVent Renewables has disclosed the making with a corporate mission to initiate renewable energy forward by justifying the global environmental issue of waste tires. InnoVent Renewables has been introduced as a U.S.-based technology and operations business with a branded pyrolysis technology transforming waste tires, biomass, and plastics into valued fuels and chemicals. The company's absolute pyrolysis technology is consistent, which offers a much better efficiency in comparison with batch processing. It uses the gas to preheat the tires, thus making it a Net Zero energy procedure. During the procedure, valued chemicals are recovered from the products, generating high-quality fuels.
September 2023- BASF, a leading chemical giant, has gained long-standing access to QIRA® bio-based 1,4-butanediol (BDO) from a joint venture of Cargill and HELM AG, Qore® LLC (Qore). Qore and BASF have finalized a deal with this launch. Qore will manufacture bio-based BDO at Cargill's biotechnology facility and corn refining operation in Eddyville, Iowa. BASF, along with QIRA, will grow its present proposal of BDO derivatives with bio-based variations of, for example, tetrahydrofuran (THF) and polytetramethylene ether glycol (polytetrahydrofuran, PolyTHF). The CEO of Qore, Jon Veldhouse, said that QIRA is the right element in the product, allowing the market to shift to more sustainable substitutes quickly and seamlessly. He further added that by picking QIRA, the product carbon footprint (PCF) can possibly be lowered by nearly 86% as that of fossil-based BDO.
Key Companies in the Renewable Chemicals market include
- BioAmber (Canada)
- Corbion N.V. (The Netherlands)
- Myriant Corporation (U.S.)
- Braskem (Brazil)
- Metabolix Inc. (U.S.)
- Mitsubishi Chemical Corporation (Japan)
- BASF SE (Germany)
