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Growing Markets in Single-Cell Oil and Microbial Enhanced Oil Recovery
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Overview
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The global single-cell oil market is projected to grow at a CAGR of 28.3% from 2022 to 2023, driven by the increasing demand for biofuels. The microbial enhanced oil recovery (MEOR) market is expected to expand at a CAGR of 20% between 2023 and 2035, with North America and the Asia Pacific region leading in revenue.
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How might the growth of the single-cell oil and MEOR markets impact the traditional fossil fuel industry?
What are some innovative products being created in the single-cell oil industry?
What are the environmental benefits and regulatory compliance driving the growth of the MEOR market in the Asia Pacific region?
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