Unfortunately, it is getting harder for me to blog with my workload at Tecnon OrbiChem so I am happy to share this Bioeconomy post that our marketing has put up on the TOC blog site based on my presentation in April for the Pine Chemicals Association Spring Meeting.
You can also download my presentation when you scroll down to the end of the blog post. I’ve included feedstock price charts whereas you know most prices for commodities – energy, fuel, chemicals, agriculture – have skyrocketed since last year. Chemical feedstock prices have surged from mid-2020, more especially since late last year when post-Covid, normal life resumed for many. Chemical inventories, on the other hand, were depleted thanks to low operating rates throughout 2020-21. More recently, the Russo-Ukraine war exacerbated the tightening supply of oil and gas in Europe. This in turn triggered fuel and petrochemical feedstock price hikes.
Business operations are being disrupted by pandemic-related effects, supply chain tightness and higher demand, and some of these issues led to businesses offering solutions such as digitalisation, blockchains and Artificial Intelligence.
Last but not the last least, I’ve put together a chart below on the drivers associated with Bioeconomy, which could be another solution to tackle the issues above. Let us know your thoughts on this (and on my presentation).
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