The Bio-based Industries Consortium (BIC) and the Renewable Carbon Initiative (RCI) have commissioned a study from the nova Institute. This research investigates the availability of sustainably-sourced biomass for defossilizing the chemicals sector by 2050.
The report indicates that agricultural and woody biomass can sustainably supply at least 20% of the chemical industry’s future carbon demand by 2050. This is an increase from 5.5% in the EU27 and 10% globally in 2023.
Key findings highlight that biomass can accelerate the defossilization of the chemicals sector. Currently, fossil carbon supply (oil, natural gas, and coal) meets 90-95% of the sector’s needs.
By 2050, the bio-based industry is projected to fulfill 20% of this demand. This shift can support a more competitive, sustainable, and circular economy.
BIC outlines a roadmap for this transition. The study provides a framework for scaling biomass, driving innovation, shaping policies, and advancing sustainability in the sector.
The bio-based industry is positioned to lead this change. Policymakers have an opportunity to enhance Europe’s competitiveness by supporting the bio-based sector. This industry is European and capable of meeting industrial and climate goals.
Dirk Carrez, BIC Executive Director, stated that the bio-based industry can contribute significantly to a sustainable chemicals sector by 2050. He emphasized that sufficient biomass sourcing will be crucial for this transformation.
The report serves as a comprehensive framework to scale biomass supply. It aims to foster technological innovation, promote rural development, shape effective policies, and enhance sustainable practices in the industry.
