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Farmers, corporations and governments face complicated risks and broad, rapidly evolving challenges. For example, as a key feedstock for ammonia production, abundant and low-cost North American natural gas strongly impacts the global chemical and fertilizer industries in terms of production costs, regional supply and demand, and trade flows.IHS supports strategic planning for agriculture and agriculture-related enterprises with market data, forecasts and analyses, as well as standards, agricultural engineering practices, product data, regulatory information and sustainability solutions. You get expert insight into market trends and policy changes, as well as biofuels and environmental impacts, including greenhouse gases and climate change. This information benefits not only agribusiness and the food industry, but also procurement, banking and energy.
The chemical producer’s search for renewable non-petroleum based product lines has led to the expansion of new bio-based products. Bioplastics, for example, are currently in production for shampoo and soda bottles. Now the industry is planning to make your next running shirt from corn—and low prices may make this a reality.