Market outlook: Shale gas impacts bio-based chemicals

There are both positive and negative impacts on the bio-based chemical sector from shale gas development. However, the positive aspects outweigh the negative.

There has been a great deal of discussion on the impact of shale gas on bio-based commodity chemicals. While shale gas offers competitively priced feedstock for certain chemicals, it also opens up opportunities to develop bio-based chemicals. Less production of other chemicals resulting from shale gas feedstock leaves a gap for bio-based chemicals to fill. The latter are also driven by demand pull from consumer companies.

… Full text: www.icis.com/Articles/2013/06/07/9676331/market+outlook+shale+gas+impacts+bio-based+chemicals.html

Tags: CO₂ reductions, biomass, C4s, bio-aromatic compounds, environmental sustainability, biofuels, market, Europe, China, US, PE, BDO, MEG