INDUSTRY
Situation
The use of renewable materials as sources of chemical intermediates and specialty products has been increasing regularly. They now represent roughly 5% of the total chemicals market, a figure which is forecasted to grow to 35% by the year 2030. Some remarkable inherent properties of renewables together with a regular increase in oil prices are the driving force behind this development.
Out of the twelve most important industrial petrochemicals, seven are aliphatic and five are aromatic. While there are many sustainable routes to aliphatic chemicals, only lignin offers a pathway to substitution of the aromatic petrochemicals. GreenValue’s focus on plant polyphenols position us uniquely to play a central role as industry continues to evolve towards sustainable feedstocks
Achievements
GreenValue’s subsidiaries have industrially implemented technologies to extract and modify natural aromatic polymers such as lignin in order to adapt them to a host of commercial applications. The potential markets available worldwide to such products exceed two million tons per annum. Our products have already been commercially introduced in several applications, including wood adhesives, foundry resins, molding compounds, automotive applications, antioxidants, composites, dye dispersants, and concrete admixtures. Customers benefit from performance, lower costs, and from a reduction in carbon foot print.
