Specialty chemicals company Elevance Renewable Sciences Inc., Woodridge, IL, has authorized the next stage of its second world-scale biorefinery in Natchez, MS, in order to expand production of its Inherent™ renewable building blocks.
A new report by research firm MarketsandMarkets predicts that the renewable chemicals market will grow from an estimated $57.5 billion in 2012 to $83.4 billion by 2018, with a CAGR of 7.7 percent from 2013 to 2018.
Solazyme Inc., a renewable oil and bioproducts company headquartered in South San Francisco, CA, and AkzoNobel have entered into an agreement targeting the development of advanced tailored oils and their commercial sales for near-term product supply.
