{"id":88486,"date":"2021-05-25T07:35:09","date_gmt":"2021-05-25T05:35:09","guid":{"rendered":"https:\/\/news.bio-based.eu\/?p=88486"},"modified":"2021-06-16T02:28:22","modified_gmt":"2021-06-16T00:28:22","slug":"the-european-chemical-industry-wants-to-boost-the-bioeconomy-to-support-the-green-transition","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/the-european-chemical-industry-wants-to-boost-the-bioeconomy-to-support-the-green-transition\/","title":{"rendered":"The European chemical industry wants to boost the bioeconomy to support the green transition"},"content":{"rendered":"

\"PolicyCoverBioEconomy-1024x472\"<\/strong><\/p>\n

Europe\u2019s growth strategy, with the Green Deal and the Recovery and Resilience plan, provides an important opportunity for the bioeconomy to scale up, as investments in new innovative and (more) sustainable bio-based industries can play a critical role to support the green transition. The Commission\u2019s 2020\u00a0Strategic Foresight Report<\/a>\u00a0mentions the potential of a sustainable bioeconomy, to transform Europe\u2019s agricultural and industrial base and create new jobs, whilst enhancing our natural resources and ecosystems.<\/strong><\/p>\n

\u201cSustainable bioeconomy activities are a pre-requisite to remain below the 1.5\u00b0C limit of global temperature rise, as well as to work towards the EU Green Deal\u2019s ultimate goal of climate neutrality by 2050\u201d according to a new Cefic paper<\/a> on how the European chemical industry can boost its bioeconomy sector. Regardless of their key role, Cefic\u2019s paper reveals that bio-based products (BBPs) from the chemicals and plastics sector currently only represent a small portion of the whole European bioeconomy sector: they generate approximately 2.5% of the total bioeconomy turnover.<\/p>\n

Where does the potential lie?<\/h3>\n

In its Mid-Century Vision<\/a>, Cefic predicts that biomass consumption for production of chemicals will have doubled by 2050 with respect to 2018. To meet this forecast, both the chemical industry and EU policymakers will need to take certain measures to scale up the bioeconomy.<\/p>\n

Cefic believes that renewable resources of biological origin offer the chemical industry an opportunity to diversify its feedstocks<\/a> to produce bio-based product (BBPs). A Joint Research Centre (JRC) study identified 10 potential BBP categories. Two of these categories, referred to as \u2018platform\u2019 and \u2018bio-based plastics\u2019 represent only 3% of the bio-based industry, yet speak for 75% of the total chemical production, meaning both bio and fossil. \u00a0Cefic considers it essential to increase the share of bio-based products primarily in these two categories to enhance the overall share of bio-based products.<\/p>\n

Not only does the chemical industry commit to increasing its share of bio-based products, it intends to do so with an improved sustainability profile and a performance and functionality which is at least equal to or better than existing alternatives which are currently mostly fossil derived. In turn, Cefic calls upon the policymakers to provide a supportive policy framework to bring the bio-based production at scale.<\/p>\n

 <\/p>\n

Read Cefic\u2019s views on how to boost the bioeconomy here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Europe\u2019s growth strategy, with the Green Deal and the Recovery and Resilience plan, provides an important opportunity for the bioeconomy to scale up, as investments in new innovative and (more) sustainable bio-based industries can play a critical role to support the green transition. The Commission\u2019s 2020\u00a0Strategic Foresight Report\u00a0mentions the potential of a sustainable bioeconomy, to […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5838,10408],"supplier":[4027,2317,4568],"class_list":["post-88486","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-greenchemistry","supplier-european-chemical-industry-council-cefic","supplier-european-commission","supplier-joint-research-centre-jrc"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/88486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=88486"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/88486\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=88486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=88486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=88486"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=88486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}