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A Study Assessing the Opportunities and Potential of Soybean Based Products and Technologies

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A Study Assessing the Opportunities and Potential of Soybean Based Products and Technologies A Study Assessing the Opportunities and Potential of Soybean Based Products and Technologies Developed by For The Agricultural Utilization Research Institute August 2009 Page i TABLE OF CONTENTS I. EXECUTIVE SUMMARY.................................................................................... 1 A. RENEWABLE DIESEL .......................................................................................... 1 B. ENZYMATIC TRANSESTERIFICATION ..................................................................... 1 C. SOY-BASED POLYOLS........................................................................................ 2 D. EPICHLOROHYDRIN ............................................................................................ 2 E. SOY-BASED WOOD ADHESIVE ............................................................................ 3 F. HIGH-OIL SOYBEANS ......................................................................................... 3 G. HIGH STABILITY OIL SOYBEANS .......................................................................... 4 H. AQUACULTURE FEED ......................................................................................... 4 II. INTRODUCTION ................................................................................................ 6 A. REPORT LAYOUT ............................................................................................... 6 B. PROJECT METHODOLOGY AND PROCESS FLOW ................................................... 6 1. Demand/Market Potential: ........................................................................... 7 2. Economic Feasibility:................................................................................... 7 3. Development Stage: .................................................................................... 8 4. Strength of Institutional Support: ................................................................. 8 C. ENERGY MARKETS: A FOUNDATION FOR BIOBASED PRODUCTS AND TECHNOLOGIES 12 1. Conclusion................................................................................................. 29 III. PHASE II – OVERVIEW OF TOP 20 SOYBEAN PRODUCTS/ TECHNOLOGIES .................................................................................................... 31 A. RENEWABLE FUEL ........................................................................................... 32 1. Biodiesel Additives .................................................................................... 33 2. Enzymatic Transesterification.................................................................... 34 3. Renewable Diesel...................................................................................... 35 4. Solid Transesterification Catalysts............................................................. 36 B. GREEN CHEMICALS.......................................................................................... 36 1. Epichlorohydrin.......................................................................................... 37 2. Epoxidized Soybean Oil............................................................................. 37 3. Lubricant.................................................................................................... 38 4. Polyols....................................................................................................... 40 5. Propylene Glycol ....................................................................................... 41 6. Methyl Soyate / Soy Methyl Ester (non-fuel applications).......................... 42 7. Wood Adhesive ......................................................................................... 44 C. SOYBEAN CRUSHING ....................................................................................... 45 1. Enzymatic Degumming.............................................................................. 45 2. Supercritical Carbon Dioxide Extraction of Oil ........................................... 46 D. VALUE-ADDED SOYBEAN VARIETIES.................................................................. 47 1. High Oil Soybeans..................................................................................... 47 2. High Stability Oil Soybeans ....................................................................... 47 3. Omega-3 Fortified Soybeans..................................................................... 48 E. OTHER SOYBEAN PRODUCTS/TECHNOLOGIES.................................................... 49 © AURI Soybean Report Page ii 1. Aquaculture Feed ...................................................................................... 49 2. Animal Feed .............................................................................................. 50 3. Olefin Metathesis....................................................................................... 51 4. Soy Isoflavones ......................................................................................... 53 IV. PHASE III TOP 8 SOYBEAN PRODUCTS/TECHNOLOGIES ..................... 54 A. RENEWABLE DIESEL ........................................................................................ 54 1. Product/Technology Overview................................................................... 54 2. Market Potential......................................................................................... 56 3. Profiles - Companies & Research Institutions............................................ 56 4. SWOT........................................................................................................ 57 B. ENZYMATIC TRANSESTERIFICATION ................................................................... 59 1. Product/Technology Overview................................................................... 59 2. Market Potential......................................................................................... 60 3. Profiles - Companies & Research Institutions............................................ 60 4. SWOT........................................................................................................ 61 C. SOY POLYOLS ................................................................................................. 62 1. Product/Technology Overview................................................................... 62 2. Market Potential......................................................................................... 62 3. Profiles - Companies & Research Institutions............................................ 62 4. SWOT........................................................................................................ 64 D. EPICHLOROHYDRIN .......................................................................................... 64 1. Product/Technology Overview................................................................... 64 2. Market Potential......................................................................................... 65 3. Profiles - Companies & Research Institutions............................................ 65 4. SWOT........................................................................................................ 66 E. WOOD ADHESIVES........................................................................................... 67 1. Product/Technology Overview................................................................... 67 2. Market Potential......................................................................................... 68 3. Profiles - Companies & Research Institutions............................................ 69 4. SWOT........................................................................................................ 71 F. HIGH-OIL SOYBEANS ....................................................................................... 72 1. Product/Technology Overview................................................................... 72 2. Market Potential......................................................................................... 72 3. Profiles - Companies & Research Institutions............................................ 72 4. SWOT........................................................................................................ 73 G. HIGH STABILITY OIL SOYBEANS ........................................................................ 73 1. Product/Technology Overview................................................................... 73 2. Market Potential......................................................................................... 75 3. Profiles - Companies & Research Institutions............................................ 75 4. SWOT........................................................................................................ 76 H. AQUACULTURE FEED ....................................................................................... 78 1. Product/Technology Overview................................................................... 78 2. Market Potential......................................................................................... 79 3. Profiles - Companies & Research Institutions............................................ 80 4. SWOT........................................................................................................ 80 © AURI Soybean Report Page iii V. APPENDICES .................................................................................................. 82 A. SOYBEAN PRODUCTS/TECHNOLOGIES..............................................................
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