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Beyond Biofuels: UNCTAD previews advanced bioenergy market study on opening panel of EFIB 2015


27 - 29 October 2015
Brussels Square Conference Centre
Brussels
, Belgium

The 5th European Forum on Industrial  Biotechnology (EFIB) took place in ​Brussels, Belgium, 27-29 October 2015.

The event gathered numerous industry players from around the world, researchers and European officials discussing the latest trends and challenges for the bioeconomy.

According to one industry participant from Finnland, of all oil and gas produced in the world, 90% ends up being used for energy, while 10% is used for materials (plastics) and chemical production.  However, the latter corresponds to 40% of revenue arising from fossil fuels.

As companies can now produce most organic compounds from renewable biomass instead of fossil sources, large opportunities exist to create new markets in many world regions which create green jobs, promote investments and technological transfer and help reduce CO2 emissions, in line with national commitments acquired through the INDCs and the SDGs.

The bioeconomy encompasses the production of renewable biological resources and their conversion into food, feed, bio-based products and bioenergy via innovative and efficient technologies provided by Industrial Biotechnology. It is already a reality and one that offers great opportunities and solutions to a growing number of major societal, environmental and economic challenges, including climate change mitigation, energy and food security and resource efficiency.

ditc-ted-02112015-brussels.jpgAt the opening panel of the event, UNCTAD presented highlights of its upcoming study on 2nd Generation Biofuel technologies, a sector of the bioeconomy which has grown quickly over the last few years, including statistics on the growing number of commercial 2nd generation (cellulosic) biofuels which have become operational over the last year. 

While developments in bioeconomy in Europe and North America are fairly well documented, participants have shown significant interest in a similar UN report covering developments in the area of high-value biomaterials being produced in  developing countries. 

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