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Home » Belgium, Business News/Analysis, European Union (EU), R & D Focus

Report Quantifies Employment, Turnover Impacts of EU Bioeconomy

Submitted by on March 21, 2016 – 5:45 pmNo Comment

by Erin Voegele (Ethanol Producer Magazine)  A recent study commissioned by the Belgium-based Biobased Industries Consortium has determined the European bioeconomy employs 18.3 million people and results in €2.1 trillion ($23.14 trillion) in turnover.

Of the €2.1 trillion in turnover, 19 percent is created by agriculture, 2 percent by forestry, 0.6 percent by biofuels, 4 percent by bioenergy, 8 percent by forest-based industry, and 2 percent by chemicals and plastics. Food production, beverages, tobacco products, textiles and textile products, paper and paper products and pharmaceuticals make up the balance.

Regarding employment, the report shows bioenergy accounts for 1 percent of the 18.3 million jobs, while biofuels accounts for 0.2 percent. Agriculture accounts for 54 percent of European bioeconomy jobs, with forestry at 3 percent. The forest-based industry accounts for 8 percent of the bioeconomy jobs, and chemicals and plastics accounts for 1 percent. The balance of jobs are created by the fishery, food products, beverages, tobacco products, textiles and textile products, paper and paper products, and pharmaceutical industries.

According to the report, bioenergy and biofuels generate relatively little employment when compared to their turnover. … Alternatively, the production of bioenergy and biofuel products are less labor intensive compared to their turnover. READ MORE

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