Since we reported on the 2015 report, the biobased industry now contributes 4.2 million jobs and $393 billion to US economy. Each job in the US bioeconomy adds 1.76 jobs in adjacent sectors. In Africa, we can expect an even higher job creation rate (See: GreenEnergyPark™ biorefinery).
Each job in the US bioeconomy adds 1.64 jobs in adjacent sectors. An economic impact analysis of the US biobased products industry showed that in 2013 4 million jobs and US$369bn were added to US economy. In Africa, we can expect an even higher job creation rate (See: GreenEnergyPark™ biorefinery). The following report was obtained…Read more Bioeconomy: $369bn and 4 Million Jobs Added to US Economy in 2013
The impact of these trends could see the furfural market grow to twice its current size. For Africa, biomass valorisation means food security and jobs (e.g. greenenergypark.co.za/bio-refining)!
The global bio-plastics industry is expected to witness significant growth and reach an estimated $7.02 billion by 2018
Lucintel, one of the leading global management consulting and market research firms, has just released a detailed analysis on the bio-plastics industry entitles “Global Bio-plastics Industry 2013-2018: Trend, Forecast, and Opportunity Analysis”.
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Wood pellets can better be processed to biobased chemicals than being incinerated: better price, less GHG emissions. Subsidy and quota schemes have clearly influenced biomass prices. In Germany for instance, wood pellet prices rose from 45 €/ton in 2003 to 90 €/ton in 2010. In Finland as well, pellet prices doubled in this period.…Read more Bioenergy as an obstacle to biobased chemicals