A recent report from BCC Research showed that biomaterials will account for the fastest-growing segment of the global biorefinery applications market, which is projected to grow to almost $700.7 billion by 2018, Swati Deshpande writes. Neste Oil, Dong Energy, Solvay, New Biomass Energy and Dow Chemical are among companies developing bio-based material production technologies, Deshpande notes.

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