Investors are increasingly backing chemicals companies specialising in the creation of environmentally friendly substances derived from plants.
That is according Cnet news, which highlighted how one US-based chemical company has raised a significant amount of new funding for the development of an industrial chemical from sugar at a new demonstration facility to be built.
As greener alternatives are developed for many of the chemicals currently in use by commercial firms and manufacturers, demand for stainless steel bulk containers could pick up significantly.
Genomatica’s latest product, 1,4-Butanediol, also known as BDO, is made using modified bacteria that turn plants into chemicals, Cnet reports.
By using a modified strain of e.coli, the company can create BDO in bulk from sugar water, in a process that is much simpler and cheaper than the conventional means of deriving it from oil or natural gas.
Earlier this month, business minister Ian Lucas visited the Wilton chemical plant in Teeside, which is due to become fully operational this year.
