As part of the European Commission’s 2020 Circular Economy Action Plan – one of the main building blocks of the European Green Deal – the Commission will implement the Bioeconomy Action Plan, enabling greater circularity for sustainable and circular bio-based sectors and also ensuring the sustainability of renewable bio-based materials.
The European Commission’s definition of the bioeconomy encompasses the production of renewable biological resources and the conversion of these resources, residues, by-products and side streams into value added products, such as food, feed, bio-based products, services and bioenergy. The EU’s Bioeconomy Strategy was adopted in 2012 and updated in 2018, with the overall objective to provide inclusive economic growth within the boundaries of sustainable development.
Unlocking the potential of Europe’s economic sectors
Bio-based products from the chemicals and plastics sectors represent only a small portion of the whole European bioeconomy sector. They generate approximately 2.5% of the total bioeconomy turnover, equaling around Euro 60 billion. The bio-based products’ industry turnover is about 10 % of the entire chemical industry.
The development of a sustainable bioeconomy in Europe is key to unlocking the potential of many well-established as well as new economic sectors. Strengthening Europe’s bioeconomy can significantly accelerate progress towards achieving key EU policy objectives, such as transitioning to a circular economy, becoming climate neutral by 2050, and strengthening the EU industrial base.
Cefic believes that renewable resources of biological origin offer the chemical industry an opportunity to diversify its feedstocks to produce bio-based products. Cefic believes bio-based feedstocks can truly make a difference in the production of bio-based plastics and chemical building blocks which can be used for manufacturing a broad range of products, such as, plastics, paints, adhesives, lubricants, cosmetics, pharmaceuticals, detergents, cleaning products and many more applications.
In its Mid-Century Vision, 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.
The chemical industry intends to boost its contribution to bio-based products with an improved sustainability profile and a performance and functionality of its products 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.
Position paper and supporting documents
Cefic view paper on how to boost the Bioeconomy sector
Bio-Based Products (BBPs) developed by the chemical industry are key to support the European Green Deal and Europe’s ambition to become climate neutral by 2050, yet actions need to be taken to bring the bio-based production at scale.
The European chemical industry and its role in Europe’s bioeconomy
Cefic key messages: 1. The bioeconomy is offering an opportunity for the chemical industry to diversify its raw material base;2. The European chemical industry is critical for the success of the bioeconomy, as it innovates and develops sustainable processes and products, while providing European jobs & growth, 3. In order for Europe to play a…