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Home » Agriculture, BioChemicals/Renewable Chemicals, BioRefineries, Business News/Analysis, European Union (EU), Federal Agency, R & D Focus

Report Provides Overview of European Biobased Economy

Submitted by on March 2, 2015 – 7:27 pmNo Comment

by Erin Voegele (Ethanol Producer Magazine)  A recent report published by the USDA Foreign Agricultural Service’s Global Information Network provides an overview of the EU biobased economy and estimated biomass requirements for the production of biofuels, bioplastics, biochemicals and biopharmaceuticals.

According to the GAIN report, the EU currently uses approximately 32 million metric tons of biomass to produce liquid biofuels. That volume is expected to increase to 48 million metric tons by 2020. The EU also has significant demand for solid biofuels. The region is currently the world’s largest market for wood pellets, with approximately 17.5 million metric tons of consumed in 2013. …

Biomass feedstocks also have potential for bioplastic and biochemical production. The report indicates approximately 34 million metric tons of biomass would be needed to replace 20 percent of petroleum-based chemicals and materials in 2020.

The report also provides a description of the Horizon 2020 program, which is a program through which the European Commission funds biorefinery research and commercialization. The program has a budget of €80 billion ($90.69 billion) for the period 2014-2020. … The goal of the program is to convert biomass into common consumer products through innovative biorefinery technologies.

According to the document, further development of the biobased economy depends on strategic partnerships at either the technical level or vertically through the biomass supply chain. One example of cooperation offered in the report is the joint venture between U.S.-based Poet LLC and Netherlands-based Royal DSM.   READ MORE  Download report

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