The BBI JU public-private partnership leverages private investments and reduces the investment risk for the private sector.
Of the total €3.7 billion BBI JU budget, almost 75% is to be invested by bio-based industries, in total €2.7 billion from 2014-2020.
BIC’s annual survey from 2016 shows that the bio-based industries are already investing more than 4 billion EUR in infrastructure in Europe.
Most of the short-term investments take place in the lignocellulosic and forestry-based value chains. Projects include transitioning from first generation to second generation ethanol production, as well as expanding production into chemical building blocks, producing food grade microfibrillar cellulose (MFC) and setting up a production plant for new materials and chemical building blocks from the lignin and cellulose streams of the pulp and paper industry.
In the agro-based value chain, a new industrial scale flagship project to use cardoon to extract oleochemicals for use in bio-based products such as biolubricants, cosmetics and bioplastics has received investment.
Access to Finance
EIB survey on improving access-to-finance for the bio-based industries
BIC members gave input to a European Investment Bank (EIB) survey to identify access-to-finance obstacles and barriers facing the bio-based industries. The full report (expected to be published beginning of 2017), may recommend more tailored financing tools for the bio-based industries.
The study was presented at the Bioeconomy Investment Summit 2015.