Brussels, 9 July 2014. Today the European Technology Platform (ETP) for Sustainable Chemistry (SusChem) welcomes the launch of the Bio Based Industries Joint Technology Initiative (BBI JTI). This major Public-Private-Partnership (PPP) represents a significant step forward to the realisation of a European bioeconomy.
SusChem has actively supported the development of the BBI JTI and looks forward to working with the initiative to deliver a sustainable, competitive economy for Europe able to tackle some of our biggest societal challenges and bioeconomy opportunities.
The BBI JTI is being launched with six other JTIs (including JTI on ‘Fuel Cells and Hydrogen’ and ‘Innovative Medicines’) that together represent a significant joint public-private investment in research and innovation for Europe’s future.
Bio Based Innovation
The BBI JTI will enable a €3.7 billion injection into the European economy between 2014 and 2024, with €975 million provided by the European Commission and €2.7 billion from the Bio-based Industries Consortium (BIC), to develop the emerging bioeconomy. The JTI will finance research and innovation projects and create new and novel partnerships across industry sectors (including agriculture, technology providers, forestry/pulp and paper, chemicals and energy).
The aim of the BBI is to use Europe's untapped biomass and wastes as feedstock to make greener, sustainable everyday products and renewable feedstock.
"At the heart of this initiative are advanced biorefineries and innovative technologies that use sustainable chemistry to convert renewable resources into sustainable chemicals, materials and fuels,” says Dr Gernot Klotz, Executive Director Research at Cefic and SusChem board member.
"The BBI JTI can help develop the building blocks needed to shift from a fossil- and imports-based society to increase the EU’s rate of economic growth, boost jobs – especially in rural areas, rejuvenate industries and reduce greenhouse gas emissions,” he continues. "New bio-based industries can increase the competitiveness of the European economy through re-industrialisation and sustainable growth along with other Key Enabling Technologies.”
Four of the six main Key Enabling Technologies (KETs) identified to be critical to strengthening Europe’s industrial and innovation capacity are from the chemical sector: advanced materials, industrial biotechnology, nanotechnology and advanced manufacturing.
BBI and SPIRE together
The BBI JTI builds on ‘SusChem inspired’ projects such as EUROBIOREF: one of three large FP7 projects in a joint call on advanced biorefineries that responded to SusChem’s visionary project: ‘The Integrated Biorefinery’. Innovations from other SusChem FP7 projects such as the F3 Factory will also contribute to the integration of bio based processes into the economy.
"The BBI JTI is one of two major PPPs that SusChem is proud to have inspired: the other being the Sustainable Process Industry through Resource and Energy Efficiency (SPIRE) PPP,” says Dr Klotz. "SPIRE and the BBI JTI will work closely together along defined areas of common interest and will use their synergies to help deliver high resource and energy efficiency that can lay the foundation of the circular economy in Europe, alongside the materials program of SusChem.”
For more information, please visit the SusChem website or contact Esther Agyeman-Budu, Cefic communication manager for research and innovation via email@example.com.
Note to editors: SusChem is joint initiative between Cefic, DECHEMA, EuropaBio, GDCh, ESAB and RSC that has the objective to revitalize and inspire European chemistry and industrial biotechnology research, development, and innovation in a sustainable way. SusChem is an associate member of the BBI. More information on the European Technology Platform for Sustainable Chemistry (SusChem) can be found here: http://www.suschem.org
About the BBI: BBI stands for Bio-Based Industries Joint Undertaking. It is a €3.7 billion Public-Private Partnership (PPP) between the EU and the Bio-based Industries Consortium (BIC).
The BBI is dedicated to realising the European bioeconomy potential, turning biological residues and wastes into greener everyday products through innovative technologies and biorefineries, which are at the heart of the bioeconomy. The Bio-based Industries Consortium - the industrial partner in the PPP - is constituted by a unique mix of sectors including agriculture, agro-food, technology providers, forestry/pulp and paper, chemicals and energy. More information on the BBI can be found here: http://biconsortium.eu/