The bioeconomy covers a very wide field of action, including the primary sector and the industry. For this reason, it plays a central role in decoupling economic growth from the use of resources such as petroleum, proteins, and key products such as potassium. They will be replaced by bio-based products.
This transition shows a high potential in terms of economic growth, rural development and increasing Europe’s independence in strategic resources. This last one is especially important. In fact, we have seen recently the effect that the increase in the price of oil and raw materials has on our economy.
It is important to note that the bioeconomy helps to achieve the ambitions stablished in the European Green Deal. This document is the reference framework within the European Union in terms of sustainability. The three main pillars on which it is based are: eliminate net greenhouse gas emissions by 2050; decouple economic growth from resource use; and leave no one behind.
To specify the role of the bioeconomy in contributing to these ambitions, the European Bioeconomy Strategy was launched. This strategy contains 14 actions that seek to Strengthen and scale up the biobased sectors, unlock investments and markets, deploy local bioeconomies rapidly across the whole of Europe, and Understand the ecological boundaries of the bioeconomy.
As we have mentioned, the bioeconomy encompasses many sectors. On this occasion we want to focus on the plastics sector due to its economic, social, and environmental importance. As part of the Circular Economy Action Plan, the EU adopted a common plastics strategy in 2018.
Among the objectives to be achieved by this agreement is that all packaging produced in 2030 be reusable or recyclable. We are currently quite far from this goal. a European recycling rate of 46% in relation to plastic packaging, so it is necessary to continue investing in innovation.
MANDALA promote the use of materials of biological origin unrelated to petroleum and the recyclability of multilayer plastics, something that is currently not possible. Stay up to date with all our updates by following us on:Twitter LinkedIn