Top Industry Leaders in the Bio-Based Chemicals Market
Bio-Based Chemicals Market
September 2023
From Qore LLC (Qore), a partnership between Cargill and HELM AG, BASF will have long-term access to QIRA bio-based 1,4-butanediol (BDO). An agreement to this effect has been reached by BASF and Qore. The bio-based BDO will be produced by Qore at Cargill's biotechnology campus and maize refining facility in Eddyville, Iowa. By introducing QIRA, BASF will add bio-based versions of BDO derivatives including polytetrahydrofuran (PolyTHF) and tetrahydrofuran (THF) to its current lineup of BDO derivatives. It's anticipated that the first commercial volumes would be offered in Q1 2025.
BASF is able to create BDO derivatives with a PCF that is lower than the similar fossil-based compounds thanks to QIRA. In comparison to derivatives based on fossil-based BDO, those based on QIRA have the same technological and physical characteristics.
BDO is a crucial intermediate in the synthesis of PolyTHF, a raw material for the creation of elastic spandex and elastane fibres, which are used in a variety of fabrics, including swimsuits, sportswear, and undergarments, as well as outerwear like shirts and stretch pants.
September 2023
Toray Industries, Inc. increased its share in Cellulosic Biomass Technology Co., Ltd. from 67% to 84.4% by making an additional investment of USD $8.1 million. Toray plans to use the extra funding to capitalise on advances in cellulosic sugar production technology in order to quickly commercialise important polymer compounds made from non-edible biomass. As a result, the business will reduce its carbon footprint and avoid competing with food chains.
Toray is creating a number of cutting-edge technologies, such as those to recycle used plastic items, switch to materials made from biomass, and utilise carbon dioxide as a raw material.
List of the Major Companies in the Bio-based Chemicals Market Includes:
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AGAE Technologies
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TotalEnergies
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ADM
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DuPont
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Evonik Industries
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Toray Industries Inc
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Cargill Incorporated
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GF Biochemicals Ltd
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Mitsubishi Chemical Corporation
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DSM