You’ve certainly heard the old adage that real estate is all about location, location, location. Well, in our industry, where long-held doubts have been held about whether or not the players can reach critical mass at the commercial level, it is all about capacity, capacity, capacity. And now researchers calculate that capacity levels projected through 2017 are building fast. While many may not have noticed, the separate, fledgling, and piecemeal efforts of many have set the pace for a doubling of bio-based materials and chemicals to 13.2M tons by 2017. That’s according to Lux Research and this article in Power Engineering. In the article, Julia Allen, Lux Research analyst and the lead author of a report titled, “Cultivating Capacity for Bio-based Materials and Chemicals through 2017,” is quoted saying: “The basic science of bio-based materials and chemicals has advanced to the point that dozens of chemicals can now be produced from multiple feedstocks, at costs that are competitive with petroleum…”
The news is even better for companies in North America. Lux predicts our region will become the global leader in capacity by 2017. Hey, that’s only three years from now.