Bio-Based Industries JU: Developing sustainable and competitive bio-based industries in Europe
BBI JU is a Public-Private Partnership between the EU and the Bio-based Industries Consortium that aims to invest EUR 3.7 billion in bio-based innovation between 2014 and 2020. This includes up to EUR 975 million from the Horizon 2020 budget for the co-fundable parts of the BBI JU projects and financing the administrative costs of BBI JU. The BBI JU’s mission is to implement, under Horizon 2020 rules, the Strategic Innovation and Research Agenda (SIRA) developed by the industry and validated by the European Commission.
The objectives of BBI JU are to contribute to a more resource-efficient and sustainable low-carbon economy and to increasing economic growth and employment, in particular in rural areas. Therefore, BBI JU will develop sustainable and competitive bio-based industries in Europe, based on advanced biorefineries that source their biomass sustainably by:
- Demonstrating new technologies that enable new chemical building blocks, new materials, and new consumer products from European biomass, which replace the need for fossil-based inputs
- Developing business models that integrate economic actors along the value chain
- Setting up flagship biorefinery plants that deploy the technologies and business models for bio-based materials, chemicals and fuels and demonstrate cost and performance improvements to levels that are competitive with fossil-based alternatives.