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The plant would use corn, wheat, sugar beet and energy crops such as miscanthus and preferred a mix of feedstock including agricultural waste, such as straw, to minimise seasonality of supply.
The petrochemical plants use gas separated from oil as their main feedstock and this is one of the most flexible, cost efficient chemicals operations in Europe, producing over 1.8 million tonnes of petrochemical products each year.
For example, it is estimated that 4% of the world's annual oil production is used as feedstock for plastics production, and an additional 4% is consumed during manufacture.
A 63 percent increase in gas prices has pushed the cost of the industry's main feedstock from 70 percent to 80-85 percent of its overall production cost.
Modern economies cannot function without adequate energy supplies and feedstock for key manufacturing processing.
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