December 2, 2009

Soy chem to reach $2.7bn in 2013

I forgot to add this report to my last soy post about soybean-based chemicals demand expected to increase 7.8%/year to $2.7 billion by 2013 according to Freedonia Group.

Methyl soyate used in biodiesel is said to be by far the most established soy chemical although it is beginning to face competition from other raw materials. Methyl soyate is also finding greater use as a solvent in cleaning products and paints and coatings.

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