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Tracking Furfural Prices for (almost) 20 Years

Furfural is a B2B trade and market data is not easily available to market outsiders. DalinYebo's prices are based on our own trading insights. Market statistics are obtained from global trade statistics, using the harmonised tariff code (29321200).

For 10 years, until 2009, furfural prices have remained in a relatively stable band of between $650/t and $1,200/t FOB (CMP). During this period, the Chinese were found guilty (in the US and Europe) of dumping, which to some degree explains the low prices. In recent years, however, internal demand has absorbed Chinese production capacity. China has from time to time started to import furfural. China has ±80% of the global furfural production capacity and consumes about ±75% of it. Therefore, the global furfural prices are determined by domestic Chinese issues, such as droughts/floods, labour costs, feedstock costs/availability, government policies (e.g. anti-pollution or finance, etc.).

It's complicated: Based on above price determinants and given the current economic outlook for 2014, we expect the prices to remain in a US$1,400/t to US$1,500/t FOB (CMP) price range.

Also see:

Furfural Price Tracker (for registered users)

Market Analysis (Abstract) (for registered users)

The Pricing of Furfural (in China) (for our client users)

Market Access: Masterkey

Marketing: DalinYebo Trading and Development (Pty) Ltd

About Biomass & Furfural

For owners of biomass we offer technology and market access, creating investment opportunities in the cleantech space. Contact us to discuss the potential your biomass has for the production of furfural.

For the agri (Biomass) processing, sugar, pulp&paper, etc. industries, we provide knowhow and technology to convert (residual) biomass to chemicals and energy.

For our clients, we provide regular updates on furfural price and volume trends. We also identify market and business growth opportunities.

This article is part of a series on "biomass for furfural" production, which provides our clients with updates and analysis on the fundamentals and competitiveness of a variety of feedstock and their conversion to chemicals and energy (incl. biofuels).

  • china
  • Furfural
  • Furfural Markets
  • Furfural Price...
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Malaysia: The Next Bioplastic Destination?

Malaysia (KL)

Malaysia is keen on valorizing its significant volume of palm tree biomass into biobased chemicals and bioplastics.

Malaysia reportedly produces  around 80 million tons/year of biomass waste.

DalinYebo‘s insight:

We think that furfural and its many by-products could be the first (and easy) step in conditioning the biomass for the production of other bio-renewable chemicals and polymers. See dalinyebo.com/palm-residues

See on Scoop.itFurfural and its many By-products

via bioplasticsnews.com

Filed under: Topics of Interest Tagged: bio-renewable chemicals, bioplastics, furfural, furfural and its many by-productsfrom: dalinyebo.wordpress.com

 

 

Malaysia: The Next Bioplastic Destination? was originally published on DalinYebo.com: Bioeconomy Consultants : Innovative Minds

 

 

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Source:  https://dalinyebo.wordpress.com/2014/03/08/malaysia-the-next-bioplastic-destination-2/

Carbon Fiber from Biomass

Next breakthrough:  carbon fiber from Biomass. En route to a totally sustainable airplane! The Energy Department of the U.S.(DOE) recently announced up to $12 million in funding to advance the production of cost-competitive, high-performance carbon fiber material from renewable non-food-based feedstocks such as agricultural and forestry residues.

DalinYebo‘s insight:

We suggest that some of the furfural by-products should be considered. There are a variety of avenues that lead to e.g. thermoset-resin-biofibre composites or high-temperature polymers.

See on bioplasticsnews.com

via Scoop.itFurfural and its many By-products...

Source:  https://dalinyebo.wordpress.com/2014/02/22/carbon-fiber-from-biomass-3/

Forecasted Bioplastics Industry Growth

The global bio-plastics industry is expected to witness significant growth and reach an estimated $7.02 billion by 2018 Lucintel, one of the leading global management consulting and market research…

DalinYebo‘s insight:

The impact of these trends could see the furfural market grow to twice its current size. For Africa, biomass valorisation means food security and jobs (e.g. greenenergypark.co.za/bio-refining)!

See on bioplasticsnews.com

via Scoop.itBiorenewable Chemicals & Plastics

 

 ...

Source:  https://dalinyebo.wordpress.com/2014/02/22/forecasted-bioplastics-industry-growth-3/

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 Sticks in a bundle are unbreakable (Kenyan proverb).

There is a strong case to be made for a co-operative, biobased economy in Africa ..

.. and that therefore includes small, decentralised, rural production units, which form part of a greater supply chain. Africa specifically and emerging economies (BRICS) in general, have enormous agricultural land development potential. Our µ-BioRefinery™ is geared towards enabling small-scale processing of (non-food) biomass in rural areas. Besides its ability of processing agricultural residues that can be removed without negative impact on soil or water, our micro-biorefining approach also offers a selection of "energy" crops that are suitable for many African growing conditions. The µ-BioRefinery™ will bring additional revenue to small-holder farmers and will empower these farmers to move from subsistence farming to participating in the sustainable growth of the green economic.

DalinYebo's holistic approach in Connecting-The-Dots™ of the entire biomass-to-market value chain provides knowhow that extends beyond the optimising/maximising technical aspects or implementing projects. That is why our team consists not only of technical and projects specialists, but also includes professionals from and farming, biomass transport/logistics, plant breeding, plant pathology, genetics, biotechnology, marketing, economy and accounting.

Socio-economic Impact

Job creation is a key-focus of our activities. In collaboration with a rural development NGO, we determined that at least 1 new direct and permanent job is created per 2 ha (Reference: uThukela GreenEnergyPark™ concept plan). Assuming a greenfields cluster of three µ-BioRefineries, using sweet stem sorghum as its feedstock, the newly created jobs in the farming sector would be ±5,000. Using a conservative multiplier, once can expect in excess of 12,000 new and permanent jobs.

The above business cluster projects a combined annual income of R0.55 billion (US$55 million). In South Africa, we have identified at least 5 areas for the development of these clusters. Then there is the rest of Africa and the BRICS: Economy-Of-Numbers at its best!

Achieving the Millennium Goals

The values of co-operation – equity, solidarity, self-help and mutual responsibility – are cornerstones of our shared endeavour to build a fairer world. (Kofi Annan, 29/06/2001)

The collaborative economic approach of the µ-BioRefinery™ recognises the contribution SMMEs or co-operatives can make to achieving the Millennium goals of full and productive employment, eradicating poverty, enhancing social integration and promoting the advancement of women.

Connecting-The-Dots™

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Click on the image to learn more about how we connect the dots

Related Sites

Connecting-The-Dots™ (Creating Biobased Businesses: About our experience to connect the many "dots" of the value chains that every successful biobased business needs)

µ-BioRefinery™ (in propinquitatem ad biomasa; Bringing biorefining in proximity to biomass)

GreenEnergyPark™ (Smart biomass - agricultural/forest residues - conversions to energy, chemicals and commercial products)

International Furan Technology (An independent developer and implementer of furfural process technologies)

Connecting-The-Dots™

This article is part of a series of reflections on how we see the dots connecting in the creation of a biobased industry. We comment on the (South African) biomass processing space, its current status and (future) opportunities. DalinYebo provides a fundamentally practical approach for a competitive conversion of a variety of biomass feedstock to chemicals and energy (incl. biofuels).

-> For the agri (biomass) processing, sugar, pulp&paper, etc. industries, we provide knowhow and technology to convert (residual) biomass to chemicals and energy.

-> For owners of biomass we offer technology and market access, creating investment opportunities in the cleantech space.

The essential technical challenge facing us, and the world in general, is the complete beneficiation of cellulosic material. We strive to provide viable and practical solution. Contact us to discuss the economic potential of your biomass.
  • MicroBioRefinery™
  • GreenEnergyPark™
  • investment
  • Jobs...
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