BIO BASED ETHYLENE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Bio Based Ethylene Market, By Feedstock Type (Sugarcane, Corn, Waste Materials, and Others), By Application (Plastics Production, Textiles, Automotive Parts, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
In June 2024, Technip Energies, a global leader in engineering and technology for the energy transition, announced its acquisition of advanced technology from Shell. This acquisition is aimed at accelerating the production of bio-polyesters. This strategic move is expected to enhance Technip Energies' capabilities in sustainable materials and contribute to growing demand for eco-friendly alternatives in various industries.
In March 2024, New Energy Blue, a leading renewable energy company, announced the launch of its new division, New Energy Chemicals. This strategic move aims to revolutionize the production of bio based ethylene, a crucial component for manufacturing carbon-zero sustainable aviation fuel (SAF) and renewable plastics.
In 2023, Braskem, a leading petrochemical company, and SCG Chemicals, a prominent player in the Thai chemical industry, announced a strategic partnership to advance a bio based ethylene project in Thailand. This partnership aims to leverage the strengths and expertise of both companies to develop sustainable solutions for the production of bio based chemicals and polymers.
In 2022, INEOS, a leading global chemicals company, announced the launch of its new bio-attributed ethylene oxide, a groundbreaking product that completely substitutes fossil feedstock with renewable biomass. This innovative move marks a significant milestone in INEOS's commitment to sustainability and the development of eco-friendly chemical solutions.