BBI stands for Bio-Based Industries Joint Undertaking. It is a €3.7 billion Public-Private Partnership (PPP) between the EU and the Bio-based Industries Consortium (BIC).
The BBI is dedicated to realising the European bioeconomy potential, turning biological residues and wastes into greener everyday products through innovative technologies and biorefineries, which are at the heart of the bioeconomy.
The BBI is about bridging key sectors, creating new value chains and producing a range of innovative bio-based products to ultimately form a new bio-based community and economy.
BIC, the industrial partner in the PPP, hosts a unique mix of sectors including agriculture, agro-food, technology providers, forest-based sector, chemicals and energy. It is an association that was specifically established in 2012 to collectively represent the private sector in the BBI. To date, BIC has 70 full industrial members (large, SMEs, clusters) and over 100 associate members (RTOs, universities, associations, technology platforms). And it is still growing.
The BBI will fund projects aimed at:
- Building new value chains based on the development of sustainable biomass collection and supply systems with increased productivity and improved utilisation of biomass feedstock (incl. co- and by-products);
- Unlocking the utilisation and valorisation of waste and lignocellulosic biomass;
- Bringing existing value chains to new levels, through optimised uses of feedstock and industrial side-streams while offering innovative added value products to the market, thus creating a market pull and reinforcing the competitiveness of EU agriculture and forest based industries.
- Bringing technology to maturity through research and innovation, by upgrading and building demonstration and flagship biorefineries that will process the biomass into a range of innovative bio-based products.