[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_content_boxes layout=”icon-with-title” title_size=”14″ icon_circle=”” icon_size=”” icon_align=”left” columns=”1″ margin_top=”0″ margin_bottom=”0″ class=”” id=””][fusion_content_box title=”by Florence Layer on resource.co” icon=”fa-bookmark” backgroundcolor=”” iconcolor=”” circlecolor=”#4cbcfe” circlebordercolor=”#4cbcfe” iconflip=”” iconrotate=”” iconspin=”no” image=”” image_width=”35″ image_height=”35″ link=”” linktext=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″] [/fusion_content_box][/fusion_content_boxes][fusion_text]On Wednesday (9 July), the European Commission (EC) and industry leaders launched a new European Joint Undertaking on Bio-based Industries (BBI) to develop an emerging European bioeconomy sector.
The BBI is a €3.7 billion Public-Private Partnership (PPP) between the EC and Bio-based Industries Consortium (BIC) and aims to create new partnerships across a variety of private sectors (including agriculture, agro-food, technology providers, forestry/pulp and paper, chemicals and energy) in the hopes of triggering investments and creating a competitive market for bio-based products.
‘Made in Europe’
Between 2014 and 2024, the BBI intends to inject €3.7 billion of funding (€2.7 billion from BIC and €975 million from the EC) into the European economy in order to shift it away from a fossil- and imports-based model and to encourage sustainable economic growth.[/fusion_text][fusion_button link=”http://resource.co/sustainability/article/new-european-partnership-develop-bioeconomy-3128″ color=”default” size=”” type=”” shape=”” target=”_blank” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” icon=”” icon_position=”left” icon_divider=”no” modal=”” animation_type=”0″ animation_direction=”left” animation_speed=”1″ alignment=”” class=”” id=””]Read full article[/fusion_button][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]