The Bio-Based Industries Joint Undertaking is meant to produce a strong industrial sector of bio-based production. Accomplishing the goal would “reduce Europe’s dependency on fossil-based products, help the EU meet climate change targets, and lead to greener more environmentally friendly growth”. This project is a public-private partnership between the EU and the Bio-Based Industries Consortium.
The project has targeted bio-based products, materials, and fuels as the main focus areas for development within the bio-based sector. Due to the recent expansion of the field internationally, the project is also aims to employ effective sustainable industries capable of competing in the global bio-economy race.