BIC and the Renewable Carbon Initiative (RCI)  have jointly commissioned research from the nova Institute, investigating the question of whether there is enough sustainably-sourced biomass to defossilise the chemicals and derived materials sector by 2050. The full report is available here.

The report demonstrates that agricultural and woody biomass can be sustainably supplied to meet at least 20% of the future carbon demand of the chemical and materials industries in 2050, up from 5.5% (EU27) and 10% (global) in 2023.

This report highlights that:

Biomass accelerates the de-fossilisation of the chemicals and derived materials sector: The chemicals and derived materials sector relies on fossil carbon (oil, natural gas, and coal) for 90-95% of its needs. By 2050, the bio-based industry can meet 20% of this demand, supporting a more competitive, sustainable, and circular economy.

BIC is offering a roadmap for this transition: The study commissioned by BIC and RCI provides a clear framework to scale biomass, drive innovation, shape policies, and advance sustainability.

The bio-based industry can lead the change: Policymakers have a major opportunity to strengthen Europe’s global competitiveness and strategic autonomy by supporting the bio-based industrial ecosystem. The industry is European, competitive, and ready to support industrial and climate goals.

BIC Executive Director Dirk Carrez says, “The bio-based industry can significantly contribute to the changes needed for a competitive, sustainable, circular chemicals and materials sector by 2050. Sourcing sufficient biomass will be a key element for this transformation. This report offers a comprehensive framework to scale biomass supply, foster technological innovation, promote rural development, shape impactful policies, and advance sustainable practices in the chemicals and materials sector, ultimately enhancing both industry and European competitiveness.”