14 February 2011 23:14 [Source: ICIS news]
SAN DIEGO, California (ICIS)--The 2nd annual Next Generation Bio-Based Chemicals Summit opened on Monday in San Diego, with event organisers seeking to build ideas and commercial partnerships between bio-chemical market players.
Representatives from chemical companies including Dow Chemical, Huntsman, BP, Eastman Chemical, Braskem, Bayer MaterialScience, Akzo Nobel, ?xml:namespace>
More than 120 industry professionals are scheduled to speak, event organisers said.
“Meeting the demands of successful commercialisation can prove daunting without the right mix of key players, partnerships, cost structures, capitalisation and established networks across the worldwide value chain,” conference organisers said.
The conference’s advisory board is represented by companies including Dow, Cargill, Myriant Technologies, Procter & Gamble and Ford Motor.
Conference officials said the bio-based chemicals market could grow to larger than $500bn (€370bn) by 2025, exceeding prior government estimates.
“The global opportunity for bio-based chemicals could carve out a stratospheric portion of the multi-trillion dollar global chemicals sector in the next decade onward,” conference officials said.
The four-day event is scheduled to include sessions on recent research and development (R&D) activities within bio-chemicals, commercialisation strategies for producers, government policy incentives and feedstock challenges.
The 2011 Next Generation Bio-Based Chemicals Summit ends on Thursday.
($1 = €0.74)
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