Renewable Chemicals are meeting the end-user expectations of the industrial and biotechnology sectors amidst increasing research activities

 

Renewable Chemicals

Products manufactured using renewable chemicals are used in various applications, such as resins, surfactants, lubricants, and plastics. Some of the main process methods used to manufacture renewable chemicals include bioconversion, acid hydrolysis, gasification, and dehydrative transformation. Renewable chemicals can also be produced through reductive and enzymatic processes.

Bio-based renewable chemicals are chemicals produced from natural sources that have lower carbon footprints than their petroleum-based counterparts. The list of products made from renewable chemicals includes polylactic acid, plant extractives, and amino acids. Some of the most promising bio-based products include polylactic acid, polyhydroxyalkanoates, and lignin.

The bill will also allow businesses that produce Renewable Chemicals to receive a tax credit for their investment. The Department of Treasury will establish a program to determine eligible companies and allocate tax credits. Businesses can claim up to $500 million in tax credits for the production of renewable chemicals. It is important to note that the tax credit will apply only to building block chemicals with a bio-based content of 50%. The bill does not affect chemicals that are used in food production, feed, and fuel production.

OCM and COTC are two of the most common forms of renewable chemicals. These processes are used to produce olefins and aromatics using CO2 and H2. They are both suitable for direct processes and small-scale local production. And they are also competitive with fossil fuels. OCM and COTC require large plants and are complex, costly, and difficult to transport. In addition, they require large infrastructure and safety issues. They also require large investments and transportation of chemicals, and are often associated with geopolitical and political risks.

The use of biomass as a source of chemicals dates back to pre-oil times. In the early days of chemistry, biomass was the only source of carbon. Today, the goal is to meet the needs of a more abundant and technologically advanced population while also protecting the environment. As more people begin to utilize biomass, more sustainable solutions will arise. In August 2021, Petron Scientech Inc., a major renewable chemicals provider in the U.S., teamed with KBR to create licensed sustainable technology for the manufacture of renewable chemicals.

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