EC unveils an unprecedented 3.8 billion euros investment in biobased industries

European Commissioner Máire Geoghegan-Quinn
European Commissioner Máire Geoghegan-Quinn

The Biobased Industries Consortium (BIC), a cross sector group of 48 large and small companies, has joined forces with the European Commission to set up an unprecedented Public Private Partnership worth 3.8 billion euros to accelerate the deployment of biobased products in Europe by 2020.

The Biobased Industries PPP is part of the European Commission’s Innovation and Investment Package that was released today in Brussels. The package is intended to stimulate the European economy, create jobs and tackle major societal challenges through research, innovation and deployment. Continue reading