Bioeconomy: State of the Industry 2020

SCALE

We mentioned scale as one factor in the UPM story on renewable chemicals story, let’s come back to it again with Genomatica’s scale-up on renewable nylon. As scale grows, the cost goes down, and remember our thesis that in the long term renewable chemicals will not compete in the commodity price markets but in ESG markets – so, this scale-up story is building fortress walls for biobased in chemicals in the long term.