What is a biobased economy?
A bioeconomy encompasses the production of renewable biological resources and their conversion into food, feed, biobased products and bioenergy. The biobased economy is that part of the bioeconomy that is not related to food/feed production and agriculture, however, it is closely linked with the primary sector.
It offers great opportunities and solutions to a growing number of pressing global challenges such as climate change mitigation, energy and food security and resource efficiency. Green chemistry, green and lean production and the use of non-food raw materials for the production of useful chemicals and energy are increasingly gaining importance in an integrated business strategy. A bioeconomy, if properly implemented and managed, offers a unique opportunity to address these complex and interconnected challenges, while achieving economic growth.
Feedstock for the biobased economy
Biobased products and -energy can be produced from a variety of biomass feedstocks, including forest, agricultural and livestock residues, short-rotation forest plantations, energy crops, the organic component of municipal solid waste, and other organic waste streams.