In a post-petroleum society, biorefineries – along with the farmers and foresters who source raw materials – are at the heart of the economy. No matter how you define it, the concept remains the same: converting raw materials into useful products for society. Instead of fossil fuels, the biobased economy employs renewable resources and wastes to produce a series of products useful to society: biofuels, bioenergy, biochemicals, bioplastics and other biomaterials.
The potential social, economic and environmental benefits of this model are substantial across Europe. Farmers and foresters would play a pivotal role in enabling the biobased economy’s goals of delivering locally-sourced and produced materials, chemicals, fuels, food and feed.
Tags: research agenda, PPP, Public-Private Partnership, European Commission, sustainable growth
Source: European Biotechnology News, 2013-05-28.