The use of cellulosic feedstocks is increasing, but today’s focus is mostly on the cellulosic and hemicellulose fractions, leaving a lignin byproduct stream to contend with. Although solutions exist to monetize this feedstock fraction, they fall short of lignin’s chemical and market potential. This report assesses the current state of the lignin market, the potential market opportunities for value added chemicals derived from lignin, and four classes of depolymerization techniques to determine potential routes to monetize this underutilized biomass fraction. Furthermore, this report evaluates the innovation lifecycle of the technology to covert lignin to value added chemicals to predict when these technologies will commercialize and when meaningful revenues may be achieved.
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