Summary
Sustainable bioeconomy is the renewable and an innovative segment of the circular economy. 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.
Cefic underlines the importance of unlocking the use of sustainable biomass as a feedstock and calls upon the policymakers to provide a supportive policy framework to bring the bio-based production at scale.
Cefic recommendations:
- Sufficient financing and funding streams of bio-based production projects.
- An EU Bioeconomy Monitoring System3 in providing trustworthy data and robust indicators.
- Enabling regulations to valorise residues and waste occurring during BBPs production.
- Ensuring science-based, proportionate, and predictable regulations that foster innovation.
- Awareness raising around bio-based products.