This is good news for the renewable chemical industry in the US and hopefully will enable more acceptance for bio-based materials in the mainstream chemical supply chain.
The American Chemistry Council (ACC) launched a new Biobased Chemistry Network to help educate policymakers on how to create effective and workable regulatory programs for the growing biobased chemistry industry. Global sales of this segment of the U.S. chemicals industry range from $13.5 billion to $20 billion, with the U.S. accounting for approximately 20 percent of those sales, or $2.7 billion to $4.0 billion.
Currently, the Network includes the following 19 member companies: Akzo Nobel Chemicals; BASF Corp.; Braskem America, Inc.; Chevron Oronite Company; Dow Chemical; DuPont; Eastman Chemical; ExxonMobil Chemical Company; Future Fuel Chemical; Galata Chemicals; Lanxess Corp.; MeadWestvaco; Metabolix; Myriant Corporation; OPX; Biotechnologies; Shell Chemical; Solvay NA; Virent.
“The chemical industry is transformational,” said Emily Tipaldo, Director of Regulatory and Technical Affairs. “ACC Member companies are at the forefront of converting natural resources into a wide range of innovative products that consumers value, that make modern life possible, and that help to deliver a more sustainable future. The Biobased Network allows members to work together on creating an environment that will help foster and develop this dynamic segment of our industry.”
According to the ACC, many of the benefits of this maturing industry have yet to be realized such as lower greenhouse gas (GHG) emissions, reduced volatile organic compound (VOC) emissions and other air pollutants, as well as reductions in energy needs. Other potential benefits include energy diversity and security, and the growth of domestic manufacturing and associated job creation.
This news is actually a bit of a surprise to the blog given the lack of enthusiasm and some skepticism that the blog has seen coming from traditional chemical companies/organizations throughout the years that the blog has covered both renewable chemicals and mainstream chemical markets. Given some of the heavy-weight initial members in this network, one does hope for more investments and advocacy for bio-based chemistry down the road.