WHAT IS THE BIOECONOMY?
The bioeconomy covers all the production and processing activities of biomass, whether from forestry, agriculture or water, for the purpose of producing food (human and animal), biobased materials and energy.
It represents a range of opportunities in farming and forestry and enables our industries to become more competitive, while providing sustainable solutions to the environmental and social challenges we are currently facing.
The bioeconomy falls within the much wider scope of the green economy, namely an economy that respects the environment and uses natural resources much more efficiently.
One of the cornerstones of the bioeconomy is the presence of regional biorefineries using local biomass resources as raw materials, which are commercialised without waste in agri-food as well as industrial sectors.
Source: Ministry of Agriculture and Food