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President, CEO Leppävuori, VTT: Finland should create a national bioeconomy strategy
Date:4/12/2012

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According to the European Commission, the annual turnover of the bioeconomy sector in the European Union reaches EUR 2,000 billion, which corresponds to more than 22 million jobs and approximately 9% of the EU workforce. In 2014 the EU is to initiate Horizon 2020, a framework programme in research and innovation in the EU, the results of which are estimated to increase jobs by 130,000 by 2025.

What is bioeconomy?

Bioeconomy can be perceived solely as operations related to the processing of biomass. VTT nonetheless views bioeconomy more widely: as a future industrial sector created out of traditional biomass refining. Characteristic for the operations of the sector are resource efficiency, maximisation of value added, recycling, tight integration into energy production, and a capacity for cross-sector innovation. The bioeconomy framework is formed of the three pillars of sustainability: financial profitability; consideration of the environment; and serving society.


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Contact: Erkki KM Leppvuori, President and CEO
erkki.leppavuori@vtt.fi
358-207-224-100
VTT Technical Research Centre of Finland
Source:Eurekalert

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