TL;DRAbstract
The transition of fuels and chemicals from fossil fuels to renewable biomass resources is inevitable. The rate of this transition is, for many companies, driven by simple substitution costs. For others, namely, the leaders in this emerging industry, the transition to renewable resources is greatly accelerated by the application of enabling biotechnologies to create products with unique sets of attributes at reasonable costs.
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The transition of fuels and chemicals from fossil fuels to renewable biomass resources is inevitable. The rate of this transition is, for many companies, driven by simple substitution costs. For others, namely, the leaders in this emerging industry, the transition to renewable resources is greatly accelerated by the application of enabling biotechnologies to create products with unique sets of attributes at reasonable costs.
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