The increasing importance of biomatter

The European Commission has set a long-term goal to develop a competitive, resource efficient and low carbon economy by 2050, in which biomatter is expected to play an important role. Scarlat et al (2015) estimated the current bio economy market at about € 2.4 billion, including agriculture, food and beverage, agro-industrial products, fisheries and aquaculture, forestry, wood-based industry, biochemical, enzymes, biopharmaceutical, biofuels and bioenergy, using about 2 billion tonnes and employing 22 million persons. New sectors are emerging, such as biomaterials and green chemistry. The transition towards a sustainable knowledge-based bioeconomy will rely on technological advances in processes, cost effectiveness and the availability of biomass.

Reference: Nicolae Scarlat, , Jean-François Dallemand, Fabio Monforti-Ferrario, Viorel Nita (2015). The role of biomass and bioenergy in a future bioeconomy: Policies and facts. Environmental Development 15: 3-34.

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