“Our projects are developing a vibrant and sustainable bio-based economy in Europe.”
BBI JU (Bio-Based Industries Joint Undertaking) has launched a new publication entitled ‘BBI JU: a high-impact initiative for green recovery of Europe’.
The booklet highlights the environmental, socio-economic and technological impacts of the initiative supported by facts and figures. BBI JU is a €3.7 billion institutional public-private partnership between the European Union and the Bio-based Industries Consortium (BIC) that invests in research and innovation aimed at developing a sustainable European bio-based industry.
According to BBIJU (@BBI2020), since its inception in 2014, the initiative has contributed to the development and structuration of the bio-based industry sector in Europe. Through 123 projects funded by BBI JU, 924 beneficiaries from 37 EU Member States and Associated Countries are laying the foundations for a green recovery of Europe, it claimed.
With funding worth €706 million, the vast majority of BBI JU projects are developing new sustainable bio-based chemicals, materials and products with a lower environmental impact than their fossil-based alternatives.
By using mostly organic waste and sidestreams from agro-food industry and forestry, leveraging investments and creating jobs in rural areas, these projects are paving the way for a truly circular economy in Europe.
Commenting on the launch of the publication, BBI JU Executive Director Philippe Mengal said: “Our projects are developing a vibrant and sustainable bio-based economy in Europe. The high creation rates of skilled jobs, the leveraging of investments and collaboration links between academia and industry prove the success of the BBI JU model.
“Moreover, we have achieved this while contributing to the fight against climate change and protecting the environment. I can say with assurance that the bio-based industries can play an essential role in the green recovery of Europe.”