27 March 2012 23:40 [Source: ICIS news]
SAO PAULO (ICIS)--The chemical industry is in search of an alternative feedstock and ethanol could be one of the answers that sector is looking for, a Brazilian ethanol producer said on Tuesday.
“Crude oil at $150/bbl has its days numbered,” said Dario Costa Gaeta, chief executive at ethanol group Paraiso Bioenergia, adding that raw materials from fossil fuels will become a thing of the past.
The future will revert to “green”, he said, referring to feedstocks.
Paraiso Bioenergia plans to launch farnesene production under a partnership with US biotech firm Amyris, Gaeta said.
"Hopefully we will begin production later this year," he added.
Gaeta described farnesene as a "wild card" raw material for many chemical products and a gateway market into the chemical sector for sugarcane mills.
He spoke at FO Licht’s 8th annual Sugar and Ethanol Brazil conference in Sao Paulo, Brazil.
The 2012 Sugar and Ethanol Brazil conference opened on Tuesday. The two-day event was organised in partnership with IBC Brasil
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections