Summary
Cefic welcomes the ambition of the first European Bioeconomy Strategy and its noteworthy successes. The chemical industry sees a lot of untapped potential for the bioeconomy to contribute to the ambitions of the EU Green Deal. We call for more certainty, visibility, consistency, and better policy coordination for the EU to be a frontrunner in bioeconomy.
For the bioeconomy to fully deploy its benefits for society, in harmony with the planet and its inhabitants, existing challenges related to the business case e.g., fulfilling additional investment needs, have to be overcome.
The EU Commission and European Parliament must align their strategies and policies with 10 policy recommendations from Cefic, which focus on:
- Access to biomass
- Boosting market demand and consumer recognition of bio-based products as sustainable alternatives
- Legal certainity through consistent and aligned policies to foster innovation and investment