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We currently get most of our industrial chemicals from the petrochemical industry, which is worth hundreds of billions of pounds. Fossil fuels are the feedstock for a plethora of household products, but are finite and polluting. Products include medicines, furniture, packaging, car parts, shampoos and many more. The biobased economy involved generating products and energy from renewable biobased materials like biomass instead of fossil fuels.
Did you know?
Known oil reserves are set to run out in the next
people are employed worldwide in the oil and gas industry
330 million tonnes of chemical and polymer products are made from petrochemicals each year, versus 90 million tonnes from biobased sources
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