CeNTI -

The EU has significant potential to convert bio-waste into bio-based products that can be used in multiple applications, generating more employment and added value than its use for energy production. Circular Business Models in Bioeconomy (CBMB) face many challenges, such as the limited capacity of primary producers to negotiate with higher levels in the value chain, to become sustainable and profitable. The result is a suboptimal distribution of benefits and incentives.

The main challenges in designing CBMB include a lack of knowledge sharing and collaboration among stakeholders; the need for new supply chains and logistical networks; difficulty in scaling up innovative technologies; understanding of the potential synergies and symbiotic relationships between sectors; overcoming poor public acceptance; and complex, fragmented policy schemes. As a result, there is a lack of demonstrated and replicable systemic bio-solutions for the territorial deployment of the circular bioeconomy.

In this context, the European project PRIMED will co-create innovative forms of cooperation to integrate primary producers into novel bioeconomy value chains with a multi-actor approach, through the development of new CBMB to produce high-value bio-based products via advanced biorefineries, which will be demonstrated in five Living Labs. This project will also empower multi-actors to co-design a collaborative ecosystem to accelerate the bioeconomy.

Website: PRIMED