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  • With an output value of more than 1 trillion yuan in the future, what is the prospect of bio-based products?

With an output value of more than 1 trillion yuan in the future, what is the prospect of bio-based products?

According to the US Biomass Technology Roadmap, bio-based chemicals will replace 25% of organic chemicals and 20% of petroleum fuels by 2030. According to the OECD, at least 20% of petrochemicals will be used in the next ten years About 800 billion US dollars of petrochemical products can be replaced by bio-based products, the replacement rate is less than 5% at present, the gap of nearly 600 billion US dollars, bio-based chemicals and materials represent a new blue sea of billions of scale of China planning for the future of modern biological manufacturing industry output value of more than 1 trillion yuan, bio-based products in the total output of chemicals accounted for 25% Polylactic acid (PLA) is a biological product with excellent performance. It has good application prospects in plastic fibers. After years of research and development, Chinese polylactic acid (PLA) has formed a scale of 10,000 tons, and the polylactic acid filament and short filament have been industrialized Among the two major PLA manufacturers in China, Hiseng Biotech has been listed, and a production capacity of 100,000 tons of PLA has been built in Fengyuan, Anhui Province. In addition, Jinfa Biotech plans to put into the production of 30,000 tons of PLA in the fourth quarter.