Where is the bioeconomy headed? In the annual State of the Industry briefing at the 2016 Advanced Bioeconomy Leadership Conference, the Digest presented a survey on that topic.<\/p>\n
Here are the trends we spotted in the data.<\/p>\n
1. Chemicals on the rise.
\n55 percent of those developing a bioeconomy project that will be complete before 2020 are aiming at renewable chemicals either alone or in integreation with fuels. That\u2019s still lagging behind fuels (68%), but not by much. And, given that fuels are heavily supported by mandates and tax credits, it\u2019s remarkable progress for green chemistry.<\/p>\n
![\"ABLC2016-stateofindustry-022316.002\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.002.jpg\")
2. Going commercial-scale now.
\n55% of those developing a project before 2020 are developing at commercial-scale \u2014 that\u2019s extraordinary. The days of \u201cfive years away, and always will be\u201d are long gone. Yet, that could simply mean that there has been a collapse in the support of earlier-stage technologies \u2014 a paucity of breakthrough ideas, or a shortage in patient capital.<\/p>\n
![\"ABLC2016-stateofindustry-022316.003\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.003.jpg\")
<\/p>\n
3. 2016 is the key.
\nWhen we asked when projects would be complete, 2018 was the most popular year, though 2016 and 2019 were also well-supported. Meaning that 2016, with all its political and financial uncertainty is key \u2014 for completing projects under construction now, and breaking ground on projects that are slated for completion in 2018.<\/p>\n
![\"ABLC2016-stateofindustry-022316.004\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.004.jpg\")
<\/p>\n
4. It\u2019s the residues, stupid.
\n44 percent of projects being developed that have indicated a feedstock are using waste residues \u2014 primarily, agricultural waste such as corn stover or bagasse. By contrast, firts-generation resources such as cane sugar, corn sugar or vegetable oils will be employed in 30 percent of projects, and 26 percent of projects are opting for new energy crops such as biomass sorghum or algae.<\/p>\n
![\"ABLC2016-stateofindustry-022316.005\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.005.jpg\")
<\/p>\n
5. Drop in or drop out, baby.
\n80 percent of projects under development are focused on drop-in replacements for existing molecules \u2014 only 20 percent are aiming at molecules such as ethanol or biodiesel that in higher blends require infrastructure change. Of projects that indicated a specific fuel, drop-in renewable gasoline, diesel and jet fuel have caught up with ethanol and biodiesel as fuel molecules.<\/p>\n
Interestingly, the average projedct is now aiming at an average of greater thn two different molecules.<\/p>\n
![\"ABLC2016-stateofindustry-022316.006\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.006.jpg\")
<\/p>\n
6. All across the Americas.
\nProjects under consideraion are aimed all over the world, but 66 percent of all projects contemplated in these survey results will be built in the Americas, according to respondents. Asis and the EU hold 25 percent share between them, almost equally divided. Small percentages are in store for Oceania, Africa and the Middel East. We note a surge of interest in Canada.<\/p>\n
![\"ABLC2016-stateofindustry-022316.007\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.007.jpg\")
<\/p>\n
7. Multiple public supports required.
\nOnly 8 percent of respondents say that the \u201cstatus quo\u201d is fine when it comes to public policy support, but there\u2019s no consensus on exactly what those changes should be. Overall, respondents opted for an average of 3 changes to policy, and 53 percent opted for one of 7 different changes in mandates or standards, while 28 percent opted for one of two \u201cmore direct spending\u201d measures, while indirect spending in the form of loans and tax credits picked up support at the 20 percent level.<\/p>\n
![\"ABLC2016-stateofindustry-022316.008\"](\"https:\/\/renewable-carbon.eu\/news\/wp-content\/uploads\/2016\/02\/ABLC2016-stateofindustry-022316.008.jpg\")
<\/p>\n
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