The Bioeconomy strategy is an important step to preserve Europe’s competitiveness and to support the EU’s industrial decarbonisation and growth through innovation. It can drive forward the transition away from a petroleum-based society and should therefore be considered a core pillar of the EU’s industrial policy. It should build upon previous strategies and foster EU policy coherence, predictability and alignment with all other relevant announced initiatives, including the EU Biotech Act, the Life Science Strategy and the Clean Industrial Deal.

EuropaBio is a member of the European Bioeconomy Alliance (EUBA) which represents sectors that bring together 29 million professionals who produce, use, refine and transform bio-based renewable feedstock into food, feed, chemicals, manufacturing materials, biofuels, and bioenergy. We support EUBA’s position calling on the bioeconomy strategy to build a reliable policy framework in which the bioeconomy can attract capital, contribute to sustainable growth and fulfil its immense potential.

Biotechnologies play an essential role for the delivery of EU goals for competitive, healthy, resilient and sustainable economies and societies. Biotech is a driver of high value and disruptive innovation. It is also unique as it enables the production of biologically active and structurally complex molecules that conventional chemistry cannot generally manufacture or produce efficiently. This makes biotechnology applications indispensable in health, agri-food, chemicals, manufacturing of consumer goods and more throughout our industrial and social ecosystems. It is a hallmark of success, demonstrating EU growth and benefit through innovation. The EU must therefore urgently prioritise their scale-up and access to EU and global markets, as this will be vital for the EU to stay in the global race of clean and disruptive technologies.

As a first step, the Bioeconomy Strategy must set the right direction by acting in the following policy areas:

1. Security of investment
2. Market access
3. Innovation and skills

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