Mitsubishi Chemical Corporation, BASF SE, Cargill, Incorporated are Dominating the Global Industrial Ethanol Market In 2021

Global Industrial Ethanol Market is expected to grow with the CAGR of 8.2% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global industrial ethanol market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global industrial ethanol market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In February 2018, In February, Mitsubishi Chemical Corporation has entered into strategic partnerships for marketing of zeolite membranes for bioethanol production, the bioethanol is derived from the biomass feedstock’s such as sugar cane, corn and cassava due to its properties such as potential to reduce greenhouse gas emission and carbon neutrality. The partnership has accelerated MCC’s business development in the bioethanol market, further on a global scale and helped to increase revenue.

Mitsubishi Chemical Cooperation is the dominating player in global industrial ethanol market. The other key players existing in the market are INEOS, Cargill Incorporated,Lyondellbasell industries  Holdings B.V, Flint Hills Resources, VALERO, SASOL, Cropenergies AG, The Andersons, Inc., BASF SE, Alto Ingredients, Inc., ADM, Bunge North America, Inc. (a subsidiary of Bunge Limited) , Envien Group, and Calgren Renewable Fuels, LLC among others.

Industrial Ethanol Market Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation was established in 1933 and is headquartered is in Tokyo, Japan. The company is engaged in the manufacturing of performance products, industrial materials among others. The company have several business segments such as chemicals, performance products, industrial gases, health care and others of which chemicals is the market focused segment. The company has several industries categories including chemicals, polymers/resigns/high performance chemicals, plastic molded and processed products, carbon  fibre’s & composite materials,  information, electronic, display, battery, alumina fiber, inorganic products, fibers & textiles, environment & living solutions, agriculture, food materials, health care services in which chemicals is the market focused category.

For instance,

  • In February 2018, Mitsubishi Chemical Corporation has entered into strategic partnerships for marketing of zeolite membranes for bioethanol production, the bioethanol is derived from the biomass feedstocks such as sugar cane, corn and cassava due to its properties such as potential to reduce greenhouse gas emission and carbon neutrality. The partnership has accelerated MCC’s business development in the bioethanol market, further on a global scale and helped to increase revenue.

The company has wide presence across America, Europe, Asia-Pacific, and Middle East and Africa. The company also has various subsidiary companies including Nippon Kasei Chemical Co Ltd (Tokyo), Nippon Synthetic Chemical Industry Co Ltd (Japan), Japan Polychem Corporation (Japan), SHINRYO CORPORATION (Tokyo), and Mitsubishi Engineering-Plastics Corporation (Tokyo) among others.

BASF SE

BASF SE, was founded in the year 1865, and is headquartered in Ludwigshafen, Germany. The company is engaged in providing chemicals, plastics, performance products and crop protection products to various sectors. The company operates its business via several business segments including chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions in which chemicals is the market focused segment. The company has product categories agriculture, automotive & transportation, chemicals, coatings solutions, construction, electronics & electric, energy & resources, furniture & wood, home care and i&i cleaning, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper, and textile, leather & footwear in which chemicals is the market focused category.

For instance,

  • In June 2020, BASF SE invested in the U.S. based Biotech Company named LanzaTech, which developed microbes that could convert carbon monoxide present in industrial residual gases to ethanol through the fermentation process. The company expected to commercialize this technology and expanded its ethanol reserves with this investment.

The company has presence across Asia-Pacific, Europe, Americas and Middle East and Africa. The company also has various subsidiaries including BASF Coatings GmbH (Germany), Wintershall, BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), and Cognis (Germany) among others.

Cargill, Incorporated

Cargill Incorporated (a subsidiary of Unitika Ltd was founded in the year 1865, and is headquartered in Minneapolis, U.S. The company is engaged in the production and delivery of food, agriculture, nutrition and risk management services. The company has on product categories such as animal nutrition, food & beverage, bio industrial, foodservice, agriculture, risk management meat & poultry, industrial, beauty, pharmaceutical, and transportation in which bio industrial is the market focused category.

For instance,

  • In October 2019, UNITIKA SPARKLITE LTD. exhibited at A+A2019 held in Düsseldorf, Germany. The company presented the functional fabrics and materials for uniform wears in that exhibition. The company intended to improve its sales base and popularity by participating in this exhibition.

The company has wide presence across Americas, Asia-Pacific, and Europe, Middle East and Africa. The company also has various subsidiary companies including Cargill Ltd. (U.S.), Provimi SA (U.S.), Wilbur Chocolate Company (U.S.), Cargill Agri Purina, Inc. (South Korea), and Teys Australia among others.