IHS Chemical Week

Biorefineries Expected to Generate $230 Billion by 2020

8:35 AM MDT | July 2, 2010 | Alex Scott

A recent World Economic Forum (WEF) report says biorefineries could help mitigate climate change and that they have the potential to infuse up to $230 billion into the global economy by 2020—with the majority of the value going into the U.S. economy. Another key statistic represented in the report is that the production of bio-based chemicals is expected to grow significantly, increasing to an estimated 9% of all chemicals produced by 2020. “The Future of Industrial Biorefineries” was authored by David King of Oxford University (Oxford, U.K.) and...

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