Classical Chemical Technology Wins Role in Bioprocessing

The global market for bioproducts is robust and growing, as noted by several recent studies, including a 2016 report from Zion Research that estimates a 2015 renewable chemicals market of $50 billion, with a five-year compound annual growth rate of 11% [1], and BP’s annual world energy review that pegs 2015 global biofuels production at 74.2 million metric tons oil equivalent [2]. The Biotechnology Innovation Organization released a 2016 report that summarizes these studies [3].

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