H2020 - BBI JU
The Bio-Based Industries Joint Undertaking (BBI JU) is a €3.7 billion Public-Private Partnership between the EU and the Bio-based Industries Consortium. Operating under Horizon 2020, this EU body is driven by the Vision and Strategic Innovation and Research Agenda (SIRA) developed by the industry. €3.7 billion investments in bio-based innovation from 2014-2020; €975 million of EU funds (Horizon 2020) and €2.7 billion of private Investments Leveraging capital markets and additional private and public funds (e.g. synergies with EU Structural Funds). A strong European bio-based industrial sector will significantly reduce Europe’s dependency on fossil-based products, help the EU meet climate change targets, and lead to greener and more environmentally friendly growth. The key is to develop new biorefining technologies to sustainably transform renewable natural resources into bio-based products, materials and fuels. This nascent sector is expected to grow rapidly and create new markets and jobs, and is already attracting substantial investments in the US, China and Brazil. The EU has the industrial, research and renewable resources potential. It is now a matter of deploying it in a sustainable manner to compete in the global bioeconomy race. Focus. Feedstock: foster a sustainable biomass supply with increased productivity and building new supply chains. Biorefineries: optimise efficient processing through R&D and demonstrate their efficiency and economic viability at large-scale demo/flagship biorefineries. Markets, products and policies: develop markets for bio-based products and optimise policy frameworks
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H2020 - BBI JU
The Bio-Based Industries Joint Undertaking (BBI JU) is a €3.7 billion Public-Private Partnership between the EU and the Bio-based Industries Consortium. Operating under Horizon 2020, this EU body is driven by the Vision and Strategic Innovation and Research Agenda (SIRA) developed by the industry. €3.7 billion investments in bio-based innovation from 2014-2020; €975 million of EU funds (Horizon 2020) and €2.7 billion of private Investments Leveraging capital markets and additional private and public funds (e.g. synergies with EU Structural Funds). A strong European bio-based industrial sector will significantly reduce Europe’s dependency on fossil-based products, help the EU meet climate change targets, and lead to greener and more environmentally friendly growth. The key is to develop new biorefining technologies to sustainably transform renewable natural resources into bio-based products, materials and fuels. This nascent sector is expected to grow rapidly and create new markets and jobs, and is already attracting substantial investments in the US, China and Brazil. The EU has the industrial, research and renewable resources potential. It is now a matter of deploying it in a sustainable manner to compete in the global bioeconomy race. Focus. Feedstock: foster a sustainable biomass supply with increased productivity and building new supply chains. Biorefineries: optimise efficient processing through R&D and demonstrate their efficiency and economic viability at large-scale demo/flagship biorefineries. Markets, products and policies: develop markets for bio-based products and optimise policy frameworks
