The bioeconomy is an economic model based on the production of renewable biological resources and the conversion of these resources into products with added value, such as bioproducts, bioenergy and services.
It arises in response to current environmental and social challenges to ensure the supply and fair distribution of food, mitigate the effects of climate change and reduce the use of fossil fuels. In addition, it allows generating opportunities for economic development and employment.
The bioeconomy aims to promote the use of biomass (renewable) resources to substitute fossil fuel-based resources in order to achieve more sustainable products. In this way, it contributes to the sustainability of the economy in general and involves a multitude of industries and services in this new economic model.
Biomass has traditionally been used as a fertilizer or to obtain energy from pellets or biogas. At present, it is necessary to promote the cascade utilization of said biomass, being able to obtain products of greater added value such as antioxidants, proteins or pigments and ultimately proceed to the combustion of biomass for energy purposes.
In recent years, international agreements have been reached to promote this economic model, also betting on its integration into the circular economy, whose objective is to maintain the added value of products as long as possible. The movement towards a circular economy will increase the use of raw materials and non-fossil renewable products in a sustainable manner, with an efficient use of resources and in a circular manner.
Achieving a circular economic model that takes full advantage of the value of biomastic resources is the path to economic growth, job creation and environmental sustainability.