Sunday, August 30, 2009

$50 Billion Market for Benzene, Toluene, Xylene

Using Huber’s rapid new catalytic pyrolysis technology, Anellotech has already demonstrated commercially relevant production not only of gasoline and biofuel precursors but of benzene, toluene and xylene ... Global markets for these chemicals are in excess of $50 billion at present.

Anything you can make from crude oil, in the next 10 to 20 years we can make from biomass. One of the beauties of biofuel is that the products are indistinguishable from those derived from petroleum oil today. People are going to pull up to the gas station and pump fuel produced with this clean, green technology in their cars without necessarily being aware of it. All the changes will be made on the front end, at the biorefinery. Rather than refining crude oil we’re going to be refining renewable biomass.
—George Huber _GCC
Biomass can be made to grow with very little encouragement. Using techniques such as George Huber's rapid catalytic pyrolysis, biomass can be converted into fuels, fuel precursors, and precursors for the production of plastics, high value chemicals, and other high value feedstocks.

Industrialists must seek out petroleum oil wherever they can find it. But biomass can be grown across most of Earth's surface -- on both ocean and land. The energy density of biomass is lower than for coal, petroleum, gas, oil shales, oil sands, and heavy oils. But the energy contained within biomass can be made more dense, with various ingenious methods already well-known to engineers, industrialists, entrepreneurs, and venture capitalists. And biomass can be regrown at least once every year.

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