News International Sugar Journal

Industry and EU partner to invest €3.8 billion in the biobased economy [Registered]

Forty eight companies are partnering with the European Commission (EC) to set up a Public-Private Partnership (PPP) to boost the production of biobased products made in Europe. Subject to approval by EU Member States, the PPP will see €3.8 billion spent – €1 billion by the EC, the rest by industry via the Biobased Industries Consortium (BIC) – from 2014 to 2020. The initiative will exploit various sources of locally available sustainable biomass and waste to produce a variety of biobased food, feed, chemicals and fuels. BIC’s 48 members include companies in the biotech, chemicals, energy, agro-food and pulp and…

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