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Several firms are betting that the oils from algae might replace the petrochemical oils used to manufacture plastics, says this post. Researchers at the University of Texas at Austin have shown it’s possible, and PetroSun is using some of the algal oil from its farm to conduct bioplastics research, it continues. The European Union has also funded research into algal bioplastics.
Now, that's interesting. Petrochemicals is a huge industry - I'd reckon it is something like a trillion $ per year industry (the total chemical industry market size is somewhere around $1.7 trillion). Just imagine algae being a main feedstock for that industry. Boy, we live in interesting times, don't we!
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