Finland is committed to developing bioeconomy

Europe’s new Bio-based Industries Public Private Partnership will create opportunities for Finland’s bioeconomy players and forest cluster.

Finland, and its forest industries in particular, will play an active role in the Bio-based Industries Public Private Partnership (PPP) launched this week by Europe’s biomass processing sector and the European Commission, according to the Finnish Forest Industries Federation. The PPP research and innovation initiative aims to promote and develop the European bioeconomy sector through research and industrial innovations, and has a budget of almost EUR 4 billion to support projects over the next seven years.

In the PPP negotiations, the biomass processing sector was represented by the Bio-based Industries Consortium, whose founding members include the Finnish Bioeconomy Cluster (FIBIC), Kemira, Metsä Group, Stora Enso and UPM. Other Finnish members include, for example, Metgen Oy, the Finnish Forest Research Institute (Metla), the University of Oulu, VTT Technical Research Centre of Finland and the Åbo Akademi University.

World’s leading forest cluster 2030

According to FIBIC, Finland’s most important renewable resources are its growing and sustainably managed forest assets, providing Finland outstanding resources to become a pioneer in sustainable development and bioeconomics. FIBIC’s aim is for Finland to have the world’s leading forest cluster by 2030. FIBIC’s ongoing research programs are related to the development of intelligent and resource-efficient processes, future biorefineries and bioenergy solutions.

Finland’s national bioeconomy strategy was unveiled by the Ministry of Employment and the Economy in May this year. According to the Finnish Forest Industries Federation, Finnish bioeconomy players now have an opportunity to develop their operations and to play their part in realising the national bioeconomy strategy with the help of European cooperation.

Sources: Finnish Forest Industries Federation, FIBIC