GLYCEROL MARKET ANALYSIS

Market News

Recent Developments:

• On April 1, 2020, the growing amount of biodiesel produced worldwide leads to more than two billion tons of glycol entering in the market which is used in the pharmaceuticals, cosmetics & food industries. The valorization of glycol can be done by electrochemical oxidation. The electrochemical oxidation of glycol can be performed to produce electricity using a fuel cell.
• On March 4, 2021, an Australia-based refiner, AMV will build a pilot plant at its 200,000 build schwechat refinery to produce advanced biofuels using waste-based glycerol from 2023.The facility will use a catalyst to produce around 1.23 mnl/year of propanol from glycerol which is a by-product or waste product from the production of biodiesel, Around 1.2 l of liter of crude glycerol needed to produce a liter of propanol according to AMU.
• On March 25, 2021, Scientists from Singapore's Nanyang Technological University (NTU) created an antibacterial gel bandage out of the husks of the popular tropical fruit Durian. NTU scientists generated a soft gel similar to silicon sheets by extracting high grade cellulose from Durian husks and mixing it with glycerol. This soft gel can be cut into bandages of various shapes and sizes