The European Commission adopted a new Strategic Framework for a Competitive and Sustainable EU Bioeconomy, aimed to boost innovation and support European companies in making a success of the green transition. 

The main goals of the strategy are:

• Ensuring the long-term competitiveness of the EU bioeconomy and investment security. Identifying measures to scale up and commercialise existing and emerging biotech solutions and bio-based products.

• Increasing resource-efficient and circular use of biological resources. Transforming the use and valuation of biomass resources, prioritizing extended high-value applications while encouraging industries and consumers to embrace circular practices.

• Securing the competitive and sustainable supply of biomass, both domestically and from outside EU.  Strengthening the role of primary producers, generating wealth in rural areas by creating jobs and diversifying incomes for foresters and farmers and rewarding them for the preservation of ecosystems.

• Positioning the EU in the rapidly expanding international market for bio-based materials, biomanufacturing, biochemicals, and agri-food and biotech sectors. This will be done, in particular, by steering existing foreign policy mechanisms.

To unlock investment and enable scale-up, the Commission identified innovative markets for bio-based materials and technologies. These include bio-based sectors, such as plastics, fibres, textiles, chemicals, fertilisers, plant protection products, construction materials, biorefineries, advanced fermentation and permanent storage of biogenic carbon, which have high potential for both economic growth and environmental benefits. The Commission will boost demand for bio-based content in products, for example, by setting targets in relevant legislation.