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Lunt pointed out at the recent plastic packaging emerging trend conference held in Atlanta that, at the moment, India’s Glycols Ltd. is producing bio-based glycol, Cargill and Dow have launched some soybean-based polyurethanes, and there are also many companies. Including Myriant Technologies LLC in Quincy, Massachusetts, and DNP Green Technology Inc. in Montreal, the company also produces succinic acid.
Lunt said that the trend of replacing petroleum feedstocks will continue – whether it is the production of nylon 6 from betaine or the production of PU using soy-based alcohol.
Lunt said that the use of renewable raw materials for the production of traditional resins for bioplastics has brought excellent prospects for development. By 2011, it is expected that the annual growth rate of bio-plastics will reach 15-20%, from a longer term, its annual increase It is expected to remain between 12-20% and 30-40%, depending on the new bio-resin and the speed of development of this market.
Regardless of their respective bio-resin niche, companies can not ignore the role played by this type of resin itself. Experts agree that the use of renewable raw materials to produce bio-resin will become an inevitable trend.
Jim Lunt of Jim Lunt & Associates LLC of Wayzata, Minnesota, USA, said: “The new generation of bioplastic resins has come quietly. There is growing interest in the use of renewable resources to produce existing and new monomers, and related developments are also increasing. Is changing from petroleum feedstock to renewable raw materials."