A race has begun from oil refineries to bio-refining

Innovation in Business, Energy, and Environment

By Maive Rute

When filling up a tank at the gas station, we are aware of consuming finite fossil fuel resources and contributing to greenhouse gases. However, when we buy another unnecessary, but nice plastic object not many of us think where this plastic comes from. Up to 15 % of oil imports to Europe go to the chemical industry and are converted into a broad range of products from lubricants to plastics and various other materials. Practically all the same products could be derived from biological renewable raw materials like energy crops, waste and various other types of biomass.

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