24 Mar 2021
This is how BBI JU boost the bio-based industries across Europe
The Bio-based Industries Joint Undertaking (BBI JU) is doing a great job to support the European Green Deal and to boost circular bioeconomy. With 11 flagship biorefineries funded across Europe since 2014, the Public-Private Partnership between the European Union and the Bio-based Industries Consortium (BCI) is demonstrating the essential role of bio-based industries in the green recovery of Europe.
Thanks to these first-of-their-kind projects, BBI JU is cutting the consumption of fossil fuels, is reducing greenhouse gases emissions and is creating a competitive and sustainable bioeconomy in Europe where economic prosperity goes hand in hand with the protection of the environment.
Apart from the environmental advantages, the BBI JU-funded flagship biorefineries also have remarkable socio-economic impacts in European regions, as they are creating 3,500 new direct jobs and 10,000 indirect ones, mainly in rural and coastal areas, thus contributing to the revitalisation of these regions.
These projects involve 117 beneficiaries including some SMEs from all over Europe as lead investors, but also attract companies from all over the world that are now investing in the EU. According to the organization, the beneficiaries have in total received €228 million in BBI JU grants, leveraging €1.3 billion in private investments to support the design and construction of the biorefineries.