Portugal in good position to lead Europe's bioeconomy transition

CoLAB BIOREF was mentioned in a new report that identifies Portugal's potential regarding the European Green Deal.

The Bio-based Industries Consortium (BIC), Europe’s leading industry association putting circularity, innovation and sustainability at the heart of the European bioeconomy, has published a report mapping the opportunities for a green and sustainable transformation in Portugal.

This in-depth exploration of Portugal’s agri-food, forestry, marine (algae, aquaculture and fisheries) and green chemicals sectors as well as the food and beverages and pulp, paper and wood industries has revealed Portugal’s potential to become Europe’s Green Deal championPortugal’s growing bioeconomy sector already contributes almost 20 bn€ to its economy and the BIC report identifies new opportunities to fast-track green economic growth. 

“The sustainable bioeconomy is taking on an increasingly crucial role in Portuguese and European society. Now is the time to realise the benefits of this model and identify the best opportunities and solutions to support companies in creating more sustainable products and services”, says João Pedro Matos Fernandes, Portugal’s Minister for the Environment and Climate Action.

While Portugal will soon finalise its first-ever national bioeconomy strategy, the BIC report highlights Portugal’s robust innovation ecosystem and applauds the country’s rising influence as a biotech leader, its thriving marine sector and the significant opportunities to create value from resources and organic waste.

The report can be consulted at: https://biconsortium.eu/news/portugal-bioeconomia

24-06-2021