The idea of creating a Bio-based Economy is exciting for the material sector: It promises to introduce new chemicals, building-blocks and polymers with new functionalities; to develop new process technologies such as industrial biotechnology; to deliver solutions for Green and Sustainable Chemistry and Circular Economy.
It is supposed to help mitigating climate change through the substitution of petrochemicals by materials with lower GHG emissions. It could bring new business opportunities, investment and employment to rural areas, foster regional development and support SMEs. And finally, the whole utilization of biomass could be optimized by new biorefinery concepts.
Read the full article at http://bio-based.eu/policy (originally published in renewablematter 08. 2016)
Source: nova-Institut GmbH, 2016-02-09.