Investing in new chemical technologies
Investing in a new chemical technology is different than, for example, investing in a new mobile app. It’s not like you can lock a bunch of twenty-three year old chemical engineers in a closet for the weekend and expect them to emerge with a minimum viable product. Capital and operating costs are high and depend strongly on the results of R&D and scale-up. Further, lengthy timelines increase chances that market conditions will change. The impact of these factors can be diff