IHS Chemical Week

People & Business :: Corporate Social Responsibility

Biorefineries Set to Infuse $230 Billion into Global Economy, Provide 9% of Chemicals by 2020

9:24 AM MDT | June 29, 2010 | Alex Scott

A World Economic Forum (WEF) report published today has identified that biorefineries could help mitigate against 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 report, titled ‘The Future of Industrial Biorefineries,’ was authored...

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