E4tech releases evidence-base report on European bioeconomy
In Europe, E4tech has just completed a new study, ‘From the Sugar Platform to biofuels and biochemicals’ for the European Commission (DG ENER), a comprehensive evidence base for policymakers and industry.
The report found that the global market value of the sugar platform is today of the order of $65 billion, with bioethanol (from sugar and starch crops) by far the dominant product in the market. Additionally, several newer biofuel and biochemical routes show significant growth potential, but of the 94 products assessed, only a few are currently crossing the ‘valley of death’ between research and commercialization. The EU has competitive strengths in R&D, but the US, China and Brazil have greater commercial activity due to more attractive feedstock costs and investment conditions.
Category: Research
