Introduction

To thoroughly examine the inefficiencies of traditional chemical industries, our analysis must go far beyond recent advances in chemical technology. Indeed, a comprehensive understanding requires delving into the history of the industry going back hundreds of years.

The equivalent of gold in the chemical industry in traditional finance is undoubtedly ethanol. Ethanol has become a fundamental standard-setting substance due to several key characteristics. It is unique, has a wide range of applications, and limited supply, making it highly sought after.

Ethanol has found its most widespread use as a biofuel. This wide application has led to its universal recognition as an essential component in the chemical sector. Moreover, a valuable chemical compound must be limited in availability. When the supply of such a compound increases, its value and utility may decrease. In the case of ethanol, supply is always regulated to accurately assess national stocks and production capabilities.

The widespread acceptance of ethanol as a vital chemical compound and cornerstone of the biofuels industry becomes apparent when one considers its role in powering industrial plants and vehicles before the advent of more advanced fuels. Just as gold was used in commerce before the advent of paper currency, ethanol played a key role in the energy sector before the advent of more modern alternatives.