BIC’s vision is to accelerate the innovation and market uptake of bio-based products and to position Europe as a world-leading, competitive bio-based economy where the basic building blocks for chemicals, materials and advanced biofuels are derived from renewable biological resources.
BIC’s mission is to build innovative bio-based value chains by developing new biorefining technologies, optimising feedstock use, and creating a favourable business and policy climate to accelerate market acceptance of bio-based products.
BBI JU’s financial contribution supports the large-scale commercialisation of high-quality bio-based products through investment in innovative manufacturing facilities and processes, as well as in biorefining research and demonstration projects.
Bio-based industries optimise land use and food security through a sustainable, resource-efficient and largely waste-free utilisation of Europe’s renewable raw materials for industrial processing into a wide array of bio-based products: chemicals, materials, food ingredients, feed, energy and advanced biofuels.
In doing so, bio-based industries play an important role in spurring sustainable growth and boosting Europe’s competitiveness by re-industrialising and revitalising rural and coastal areas, thus providing tens of thousands of high-skilled research, development and production jobs.
The bioeconomy is a perfect illustration of circularity in that it regenerates CO2 and uses renewable raw materials, replacing fossils, to decrease the environmental footprint of everyday products.