Southeast Asia Could Be the Center for Biobased Chemicals

Southeast Asia Could Be the Center for Biobased Chemicals. According to Lux Research, large and widespread sources of raw materials and government subsidies Southeast Asia, bio-based materials and chemicals It is positioned as a hub for (BBMC). Indonesia, Malaysia and Thailand are the 3 largest producers of palm oil and BBMC.

Compared to these, Malaysia focuses on oleochemicals (raw materials; vegetable and animal oils). Thailand is trying to discover new species by focusing on bioplastics, Indonesia has abundant raw material resources but faces more challenges in producing bio-based chemicals due to lack of government support.

“Historically, BBMC venture capital investment has been most centered in North America and Europe,” says Julia Allen, an analyst at Lux Research in Evaluating Bio-centric Chemicals in Southeast Asia.
Even finding oil-rich substances in wastewater can develop new supply chains, he adds.

Malaysia's palm oil opens up potential for new oleochemical technologies. Malaysia, the world's second largest producer of palm oil, is best suited for producing new oleochemicals.

Thailand aims to be an ideal region for bioplastics. Thailand bioplastic It has many advantages in production. It has abundant sugar cane (100 million MT) and has supportive policies since 2013. There are NatureWorks and Corbion Purac as foreign companies here.

Indonesia also has great potential, but inadequate government policies hinder development.

Southeast Asia Could Be the Center for Biobased Chemicals

Source : biomassmagazine

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